Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Inputting Pension that increases but is not a full COLA
Old 05-15-2014, 06:37 PM   #1
Dryer sheet aficionado
Join Date: Mar 2012
Posts: 25
Inputting Pension that increases but is not a full COLA

I have been using FIRECalc inputting our pensions with both the COLA choice as "yes" and also as "no". Obviously, this changes the results dramatically. The problem is that our state pensions are not COLAs, but instead we now get a 1% increase up to $500 per year (unless the SC state legislature changes that again--a couple of years ago they dropped it from a 2% adjustment to the current 1%.) Is there any way to set the COLA adjustment to my 1% instead of it being adjusted for the full inflation rate adjustment when COLA is checked "yes"? The 1% increase yearly is not much, but over time it does make a difference compared to not having any increase at all! Thanks for any help you can provide.

volfan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-15-2014, 11:05 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
Join Date: Oct 2006
Posts: 7,553
If it is a set 1% a year. In the additional income tab of FIRECalc, I add 11% of the value of the pension ~1.01% compound 10 years after your retirement and than another 11% after 20 years. Then take off the COLA adjustment This is slightly understates the value but FIRECalc only provide Axe level precision.

clifp is offline   Reply With Quote
Old 05-16-2014, 02:13 AM   #3
Recycles dryer sheets
Join Date: Nov 2013
Posts: 208
Try using FRP

The Flexible Retirement Planner | A financial planning tool powered by Monte Carlo Simulation

It will allow you to do exactly what you need.
34rlsa is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
COLA's pension - capped or not capped Chuckanut FIRE and Money 35 09-14-2013 04:24 PM
France to trim senior pension increases Jay_Gatsby FIRE Related Public Policy 7 03-06-2013 05:21 PM
COLA Watch...No COLA in 2011? mickeyd FIRE and Money 6 09-23-2010 07:48 AM
Formula to convert partially-COLA'd pension to equivalent COLA'd amount? kyounge1956 FIRE and Money 17 11-23-2009 10:32 AM
Wage Increases vs. CPI Increases TromboneAl FIRE and Money 19 05-06-2005 01:05 PM

» Quick Links

All times are GMT -6. The time now is 10:22 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.