Quote:
Originally Posted by dewilson58
A $1,000/mth pension at age 70 is worth less than $150,000 NPV. Not a big number.
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I default to the old safe withdrawal rule of 4%. Thus the 12,000 per year is worth 300,000. Actually more if it pays for your lifetime and if it has a spouse payment after you die worth even more. I consider it a part of the bond portfolio in a balance portfolio so a rough estimate works for me.