How are Military retirees calculating the value of their pension?
I am conservative so I am planning on a 3% safe withdrawal rate, so would you just find out pension amount is 3% of X?
Example:
$27,500 is 3% of $916,666.
So would I value it at $916666? Or am I missing something?
Thanks
I am conservative so I am planning on a 3% safe withdrawal rate, so would you just find out pension amount is 3% of X?
Example:
$27,500 is 3% of $916,666.
So would I value it at $916666? Or am I missing something?
Thanks