perez99
Recycles dryer sheets
Hello All,
Lurking for several years here. Learned a lot from all of you.
I'm about 2-3 years away from retirement (56-57 age). I have used Firecalc and some other calculators to get a sense of my financial readiness.
I do always struggle with applying the 3% or 4% SWR as a guidance due to having a non-cola pension. In other words, i want to also have 33X expenses in investable assets. Just don't know how to account for the diminishing value of the non-cola pension.
I think some compute the NPV value of the pension payments. Not sure if this is a "good" way or if there is another method.
I'm not going to be able to get to 33X expenses in top of the pension and SS. However I think I will be on a equivalent scenario.
Should i just forget about it and rely on Firecalc?
Thanks,
Edgar
Lurking for several years here. Learned a lot from all of you.
I'm about 2-3 years away from retirement (56-57 age). I have used Firecalc and some other calculators to get a sense of my financial readiness.
I do always struggle with applying the 3% or 4% SWR as a guidance due to having a non-cola pension. In other words, i want to also have 33X expenses in investable assets. Just don't know how to account for the diminishing value of the non-cola pension.
I think some compute the NPV value of the pension payments. Not sure if this is a "good" way or if there is another method.
I'm not going to be able to get to 33X expenses in top of the pension and SS. However I think I will be on a equivalent scenario.
Should i just forget about it and rely on Firecalc?
Thanks,
Edgar