Comments on: How Do I Calculate The Value Of A Pension? https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/ Slicing Through Money's Mysteries Wed, 20 Aug 2025 18:32:19 +0000 hourly 1 https://wordpress.org/?v=6.8.3 By: Danny https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-601420 Mon, 09 Jun 2025 17:50:00 +0000 https://www.financialsamurai.com/?p=64320#comment-601420 In reply to Michael dinapoli.

Hi Mike. This is Danny P. from NYSED. I’m 20+ years w/ SED and I’ll be 56 in August w/ 21 years. I’m not at the 6-figure pay rate, but I, too, have been thinking of possibly going for an early retirement.

]]> By: Financial Samurai https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-601404 Sun, 08 Jun 2025 21:46:42 +0000 https://www.financialsamurai.com/?p=64320#comment-601404 In reply to Will.

Hi Will,

I’m always reading the comments across all my 2,200+ posts actually. What’s up?

You can check out my Personal Finance Consulting page if you’re interested in connecting this way. I just don’t advertise it because the demand is more than I can comfortably handle.

https://www.financialsamurai.com/career-personal-finance/

Cheers

]]> By: Will https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-601403 Sun, 08 Jun 2025 21:31:24 +0000 https://www.financialsamurai.com/?p=64320#comment-601403 In reply to Steve ortmeier.

I agree with your request. Financial Samurai makes alot of sense and I wish there were a way to contact him directly and/or pay for specific services like you request. I too, have a Defined Contribution pension which my wife does also separately…and we are retired and currently draw monthly and are still 60 years of age. We soon will have social security questions/decisions to answer. And not all financial platforms are capable of providing feedback regarding overall net worth when pensions are included. Financial Samurai might be missing a revenue stream. ha.

]]> By: DL https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-599186 Sat, 01 Mar 2025 21:47:36 +0000 https://www.financialsamurai.com/?p=64320#comment-599186 I can purchase up to 4 years of service to count toward my pension percentage at retirement. This translates into approximately a 12 percent benefit with the dollar amount based upon my pre-retirement income. Retiring early and receiving an 82 percent pre-retirement salary sounds much more desirable than 70 percent, but at what cost? The purchase of the credit is required to be cost-neutral for the organization so I predict that it will be fairly expensive. Is it better to invest the money or take the additional 12% for the life of the pension?

]]> By: Michael dinapoli https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-597968 Fri, 10 Jan 2025 20:43:36 +0000 https://www.financialsamurai.com/?p=64320#comment-597968 In reply to Philip.

I just retired last year at 55 years old. I worked in public service in NYS for 36 years. My pension is 75K per year. This is quite common for those of us that had six figure incomes. Much more common than most think.

]]> By: Steve ortmeier https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-597348 Thu, 12 Dec 2024 17:21:43 +0000 https://www.financialsamurai.com/?p=64320#comment-597348 Hey there Financial Samurai is there any way I could get you to do a valuation of a pension plan. I’m not having much success with other sites and everything you are saying makes complete sense. Would definitely appreciate your help

]]> By: Financial Samurai https://www.financialsamurai.com/how-do-i-calculate-the-value-of-my-pension/#comment-597256 Sat, 07 Dec 2024 18:30:19 +0000 https://www.financialsamurai.com/?p=64320#comment-597256 In reply to Kitt.

You’re welcome to do that and nobody’s stopping you or anybody. What people are looking for is a simple estimate with some logical explanations as to why.

I don’t think most people know what an annuity is, how it works, how to use that calculator, and how to price a pension out.

What brought you to my site?

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