Is Your Pension Part of Your Net Worth? The Comprehensive Guide
Defining Your Pension and Its Significance A pension serves as a financial safety net during your retirement years. Think of it as a retirement savings plan that typically provides a monthly income stream once you retire. Unlike savings accounts or investments, you generally cannot withdraw funds from your pension at will; it’s intended to provide income when you need it most. Pensions and Net Worth: A Complex Relationship Determining whether to include your pension in your net worth calculations can be a complex decision....