I have recently gotten the information regarding my pension and what the pay out will be when I decide to take it. This is from my first job, back when I was 16 and working at the grocery store. I stayed long enough to become vested in my pension and this is what the payout looks like.
At age 55, I would receive 60% of the benefit, meaning the checks would be $278.84/month, but if I wait until age 63, the monthly check would be $449.74. So, what would you do? Thankfully I have 20 years before I can even try to decide what to do, but the thought has crossed my mind and I just don't know what to do, so I thought I would ask what others would do.
Also, can I plug my pension into my retirement numbers and add them in to my net worth, or are they completely separate? Any help is greatly appreciated. Thanks!