I call for to total the present importance of a allowance plan.?
I am transferring my pension from my previous employer's organization to a private scheme. My employer have confirmed what my annual pension will be from my retirement age but I in a minute need to determine the present plus of this to determine my lump sum transfer. I am 36 and base on my previous employer's plan, normal retirement age is 60, investment return is 6%, COLA 2.5% and they are using a 1994 GAM table for life expectancy.Grateful if someone can abet. thanks..
Answers: sorry, but IDK what that stuff is.
The easiest approach maybe to contact the company that annals keeps the plan.
If i took 7 million back to 1900's how much would it be worth back then?
Answers: This is a present value calculation. Wikipedia has an excellent definition of this. You need to establish the average interest rate you think would have applied over that time, which is tricky. However you can use benchmarks, such as the 4.8 percent long-term average Treasury return from 1900-2000. This is probably the most conservative number going, but it's defensible. You also need the number of periods a year that the interest would have been paid. There are many web sites that have a calculators that are easy to use. The hard part is knowing the terms and filling the blanks in correctly. http://www.investopedia.com/calculator/P... at the Forbes web site is excellent. I put in 4.8%, 100 pay periods (for 100 years), and $7m. The answer is $64,412,443.61. The more pay periods, the lower the original amount. With quarterly payout, it would have been $50.19. Big difference. All what you can get someone to believe would have been the case.
Is this rhetorical?
What would you do?
Would you, pay bills that you are already back up on or would you go on a shopping spree?Answers: Uh, reimburse bills for sure. No sense in messing up frequent years of future purchasing/living for a few minutes guilty pleasure.