Great post, thanks for sharing this. You mention including social security in the calc for Coast, but I'm wondering how pension income could be accounted for using the calculators provided in the article? I think pension income could be a huge factor for coast fire in addition to the social security income and investments
Hey Brandon, glad you enjoyed it and thanks for your question. The best way to account for a pension in your coast FI plans is to simply reduce the amount you need in retirement income by the amount you anticipate receiving for your pension. So, if you plan to spend $100k per year in retirement but estimate an annual pension of $40k, then you only need to account for $60k of retirement income from your investments and social security. Hope that helps!
Great post, thanks for sharing this. You mention including social security in the calc for Coast, but I'm wondering how pension income could be accounted for using the calculators provided in the article? I think pension income could be a huge factor for coast fire in addition to the social security income and investments
Hey Brandon, glad you enjoyed it and thanks for your question. The best way to account for a pension in your coast FI plans is to simply reduce the amount you need in retirement income by the amount you anticipate receiving for your pension. So, if you plan to spend $100k per year in retirement but estimate an annual pension of $40k, then you only need to account for $60k of retirement income from your investments and social security. Hope that helps!