The Pension Couch: Early Retirement Penalties
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Early retirement penalties in pension plans are real, and they can seem draconian for some. Continue reading
Search Results for: pension safety
The Pension Series (Part 27): The Golden Albatross Pension Survey
I only ran this survey to meet the ‘primary data collection’ requirements for my master’s thesis. However, I decided a survey might provide some fascinating insight into my readership. In that regard, it didn’t disappoint. Continue reading
6 Lessons From 18 Months as a Pensioner
Back in Time Wow! Where did the time go? I blinked, and my first year-and-a-half as a pensioner flew by. Before you start laughing about my use of the term “pensioner,” I’m aware that in many parts of the world, … Continue reading
The Pension Series (Part 24): The Golden Albatross vs. Black Pensions
Access to Defined Benefit pensions for Black workers was a Civil Rights issue in the 1950s and 60s. As a result, Black workers are still overrepresented in pension producing public sector and unionized jobs today. This article deep dives on the issue, and recommends modifications of The Golden Albatross pension decision framework for Black workers. Continue reading
The Pension Series (Part 21): Lump-Sum Buyout Offers
Grumpus Maximus conducts an academic review of pension lump-sum buyout offers. Continue reading
The Pension Series (Part 11) : Pension Lump Sum Case Study — Updated
This is a substantive revision to the original Pension Series Part 11 article I published on 18 JAN 2018. I updated this article because I have a new method for calculating the Total Dollar Value (TDV) of pensions that do not possess a Cost of Living Adjustment (COLA). The new method is far more accurate than the old method, so I am updating all articles in which I used the old method. That said, the new formula didn’t change the results of this case study because the estimated value of the pension annuities on offer increased vice decreased. As a result, the new method only strengthened the recommendation I made for the ChooseFI listener to concentrate on comparing the difference in value between her $75,740 lump sum offer and the lifetime annuity starting at age 60. Continue reading
The Pension Series (Part 19): Pension Annuity vs. Lump Sum Analysis (Again) — Updated
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This is an updated version of an article first published in June 2019. It was updated to reflect changes made from a new formula to calculate Total Dollar Value (TDV) for pensions with no COLA, as I did with the reader/subject of this article. Continue reading
The Pension Series (Part 4): Total Dollar Value (TDV) of Your Pension (Updated)
It’s in your best interest to know how to calculate your pension’s Total Dollar Value (TDV). This article explains why and shows you how. Continue reading
The Pension Series (Part 20): Pensions, Volatility, and Risk
When should a participant in a pension plan pay attention to market volatility? Continue reading
The Pension Series (Part 18): Social Security – The People’s Pension
Waffles and Chicken(shit) I’ve waffled in recent weeks on the need to write a post about Social Security for the Pension Series. On the one hand, since the American form of Social Security pays out in annuity form, it seems … Continue reading