tag:blogger.com,1999:blog-637470049226137177.post8294895388479501510..comments2023-10-22T04:50:58.466-07:00Comments on Finance and Law Adventures: Net Worth Calculation: Include Value of Pension?Brad Fordhttp://www.blogger.com/profile/07089057016794199665noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-637470049226137177.post-63312959586700427712009-06-04T05:29:54.377-07:002009-06-04T05:29:54.377-07:00I have noticed many changes in your blog and they ...I have noticed many changes in your blog and they are like improvements for you.Index Annuityhttp://www.freeannuityrates.com/annuities/index/index-annuity-guide.phpnoreply@blogger.comtag:blogger.com,1999:blog-637470049226137177.post-66923962962186451112008-03-01T19:13:00.000-08:002008-03-01T19:13:00.000-08:00A defined benefit plan is like an annuity. If you...A defined benefit plan is like an annuity. If you are 65 and receive a defined benefit pension that pays you $28,000 a year and continues at that amount to your spouse when you die, you would have to purchase approximately a $400,000 annuity to match it. You certainly would include your $400,00 annuity in your net worth because you had to reach into your savings to purchase it. There is no real difference.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-637470049226137177.post-25560628631905673192007-12-23T09:14:00.000-08:002007-12-23T09:14:00.000-08:00Every net worth calculation method that I have see...Every net worth calculation method that I have seen does not include pension income, presumably because neither you nor your heirs have control over the overall funds that are invested to generate your pension payments. Another reason could be that some pensions are not transferable upon the death of the recipient. It appears that most definitions of net worth include only those assets over which you have complete control.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-637470049226137177.post-87721934721996344832007-12-09T16:30:00.000-08:002007-12-09T16:30:00.000-08:00I think the pension should absolutely be included ...I think the pension should absolutely be included in your net worth. I have a pension as well. I like the idea of using annuity pricing to determine the value of the pension. Right now mine is worth almost nothing (only 2.5 years w/ my employer) but eventually it will really add up.adfectohttps://www.blogger.com/profile/05395503992893751906noreply@blogger.com