I have a pension that has a cost of living increase but its a little strange.
On the day I retire, I automatically get a raise of 4% of whatever my pension amount is.
Each year I get this same amount as a raise. I dont get 4% of the new amount, I get the same amount added on every year so it slowly becomes a smaller percentage each year.
I cant find any way to account for this in FireCalc since there are only a couple boxes to enter an inceasing or decreasing amount of income or withdrawals. Theres not enough boxes for a new amount every year.
On the day I retire, I automatically get a raise of 4% of whatever my pension amount is.
Each year I get this same amount as a raise. I dont get 4% of the new amount, I get the same amount added on every year so it slowly becomes a smaller percentage each year.
I cant find any way to account for this in FireCalc since there are only a couple boxes to enter an inceasing or decreasing amount of income or withdrawals. Theres not enough boxes for a new amount every year.