I'm mourning the death of my defined benefit pension-enabled Financial Independence Retire Early (FIRE) in New Zealand lifestyle. The post FIRE in New Zealand: One Thing a Pension Cannot Buy appeared first on The Golden Albatross.
In other words, even in the scenario with the largest pension, once Don's pension starts, it goes from covering all the family's retirement spending to roughly one-third by the 49th year. That's a giant swing downward due to inflation! The post This Is...
If I leave now, how much would I have to save each month for the next six years to replace the difference I am losing? The post The Pension Couch: Replacing Pension Income appeared first on The Golden Albatross.
Pension Maximization Part Deux This post is a direct continuation of Pension Series Part 30. In that article, I introduced my general framework for maximizing your defined benefit (DB) pension, which I call Grumpus Maximization. I also walked through t...
Pension maximization ensures your pension's positive impact in retirement is as significant as possible. You maximize your pension by taking active steps during your pensionable career. The post The Pension Series (Part 30): Pension Maximization appea...
I’m not afraid to say while updating this article, my thinking evolved on the importance a pensionable worker should place on their pension subsidized healthcare. It’s no longer the all-important monolith I once thought. The post The Pension Series (P...
Recent History In Part 28 of the Pension Series, I stated that age, tenure, and (in some cases) gender mattered more than any singular pension design element during a pensionable worker’s Golden Albatross pension decision. I based that statement ...
As far as a topic goes, the death binder is a bit grim and tedious but also necessary. The post Death Binder 2.0: The Pensioner’s Edition appeared first on The Golden Albatross.
The wild card that makes this article different from my other lump-sum articles is that her lump-sum offer was from what's known as a church pension plan (aka church plan). The post The Pension Couch: A Lump-Sum Offer Mystery appeared first on The Gold...
Most of the questions were life planning questions disguised as "run the numbers" questions. And, I was OK with that. The post The Pension Couch: Pension Roll-Over Questions appeared first on The Golden Albatross.
How much would you pay to get five work-free years back in your life? The post The Pension Couch: Pension Buyback or Freedom Buyback? appeared first on The Golden Albatross.
Owning brings certain loss. Renting guarantees it. The post Worth vs. Worth It: Homeownership appeared first on The Golden Albatross.
You're about to find out, age, tenure, and gender are far more powerful elements during a Golden Albatross decision than any singular pension design element -- even one as popular as healthcare. The post The Pension Series (Part 28): The Golden Albatro...
Early retirement penalties in pension plans are real, and they can seem draconian for some. The post The Pension Couch: Early Retirement Penalties appeared first on The Golden Albatross.
If pension money is just a tool, then it's up to each pensioner to determine that tool's purpose. The post The Pension Couch: 8 More Years appeared first on The Golden Albatross.
Fear of missing out on a better exchange rate is just like the fear of missing out on a better stock price! The post 18 Months of Kiwiarbitrage appeared first on The Golden Albatross.
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. The post The Pension Series (...
Suppose you decided to stay for the pension. In that case, you need to be honest with yourself because you are now a high continuance commitment employee. The post The Pension Series (Part 26): Continuance Commitment appeared first on The Golden Albat...
As either a current pensionable employee or a soon-to-be retiree, it behooves you to examine your pension plan's design and determine its generosity level. Breaking it down by its design elements will help you make a better informed Golden Albatross de...
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, “old age” ...