Struggling conceptually to figure out the value of a pension compared to traditional retirement vehicle like a 401(k) – any guidance would be appreciated.
Struggling conceptually to figure out the value of a pension compared to traditional retirement vehicle like a 401(k) - any guidance would be appreciated. In brief, I'm a government employee with a pension working on a spreadsheet to help with decision-making surrounding retirement and career planning. One thing I'd like to do is "value" a pension payment, but I'm struggling to appropriately account for all of the variables. Here are some generic numbers I'm working with:
Current pension amount a...