You could use the Schwab annuity calculator to input the future monthly income, start date, and other info like your age. It will then tell you how much you need to invest today to generate that future income. This could give you a rough idea of the NPV.I am considering a job with a state pension. At 55 this pension would be worth 37k/yr with 8 yrs of service and 46k with 10 yrs of service. There is discounted medical care available at retirement price of 700-800 per month. There is a 3% automatic compounded annual increase. The pension is state funded and unfortunately funded in the 40% range.
I would work at this employer for the next 3-5 yrs (or more). How much is this worth on top of my salary? I am trying to compare to my current job to the future job.
Statistics: Posted by Harmanic — Mon Jul 29, 2024 2:45 pm — Replies 33 — Views 2333