dixonge
Thinks s/he gets paid by the post
I just ran some calculations on this and...........WOW!
I was mainly interested in asset allocation, which is funny given the complete lack of investment money on hand, but...once I had all the numbers plugged in, well, $6100+ of income from the pension and SS kinda add up, when looking at discounted present value. As in low 7-figures. Of course these funds go away when we're both gone, so there is no inheritance to hand down, but I certainly feel better about the future.
The trick will be to actually create a nest egg from the excess funds via frugal living during the early years of retirement. Which is kinda backwards, but sometimes that's how I work...
I was mainly interested in asset allocation, which is funny given the complete lack of investment money on hand, but...once I had all the numbers plugged in, well, $6100+ of income from the pension and SS kinda add up, when looking at discounted present value. As in low 7-figures. Of course these funds go away when we're both gone, so there is no inheritance to hand down, but I certainly feel better about the future.
The trick will be to actually create a nest egg from the excess funds via frugal living during the early years of retirement. Which is kinda backwards, but sometimes that's how I work...