How do I add a pension or annuity to PortfolioPilot?
Pensions and annuities can be tracked both as a net worth asset and as a future retirement income source.
As a net worth asset:
- Click "Add an asset" (top right) → "Other assets"
- Select "Pension" or "Annuity" from the "Type of asset" dropdown
- Enter the asset name and current estimated value → Add
Estimating the value:
- Some common methods include using a valuation calculator, requesting the lump-sum equivalent from your plan administrator or annuity provider, or consulting a financial advisor. Note that estimating the value of a pension or annuity involves assumptions about interest rates, life expectancy, and other factors - we recommend speaking with a financial professional if precision matters for your planning.
As retirement income in the Retirement Planner:
- Go to Plan → Retirement Planning → "Money in & out" tab
- Click "+ Add payment" → select "Annuity payments"
- Enter the payment amount and the age when it starts
When you add a pension or annuity as an asset, the payment is automatically included as income in your retirement projections starting at your retirement age. You only need to add it manually in the “Money in & out” tab if the income starts at a different age than your retirement date.
