I entered an annual pension amount starting with this year. On the non-asset tab of the detailed report, this amount is reduced each year. However, there is a cost of living adjustment attached to this. I don't understand this number.
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CARRIE, IF YOU DIDN'T TELL THE PROGRAM THAT YOUR FUTURE PENSION IS 100 PERCENT INDEXED FOR INFLATION (YOU NEED TO ENTER 100 PERCENT IN THE FIELD), IT WILL SHOW THE REAL VALUE (THE VALUE IN TODAY'S DOLLARS) OF YOUR PENSION DECLINING THROUGH TIME.
CALL ME AT 617 834-2148 IF THIS IS UNCLEAR.
BEST, LARRY