Pensions 101: Golden Goose or Risky Retirement Account?

about episode 259:

December 16, 2021

78 Likes
12 Comments
2351 Views

If you need pension funds explained, there’s no better person to talk to than the internet’s leading voice on all things pensions and retirement, Grumpus Maximus. After spending twenty or so years in the military, Grumpus began to put his health, happiness, and passions first. Now, retired with plenty of money coming in (thanks to pensions and retirement accounts), Grumpus spends his time blogging and helping others ask the meaningful question, “is my pension worth it?”

If you need pension funds explained, there’s no better person to talk to than the internet’s leading voice on all things pensions and retirement, Grumpus Maximus. After spending twenty or so years in the military, Grumpus began to put his health, happiness, and passions first. Now, retired with plenty of money coming in (thanks to pensions and retirement accounts), Grumpus spends his time blogging and helping others ask the meaningful question, “is my pension worth it?”

Want More BiggerPockets Money?

If you need pension funds explained, there’s no better person to talk to than the internet’s leading voice on all things pensions and retirement, Grumpus Maximus. After spending twenty or so years in the military, Grumpus began to put his health, happiness, and passions first. Now, retired with plenty of money coming in (thanks to pensions and retirement accounts), Grumpus spends his time blogging and helping others ask the meaningful question, “is my pension worth it?”

Guest co-host Joe Saul-Sehy from the Stacking Benjamins podcast is here to help Mindy tee up some pension-related questions for Grumpus. Whether or not you have a job offering a pension or you’re debating accepting a job with a pension, the research-based questions asked today will help you evaluate whether or not a pension is truly worth it.

You’ll hear about the safety of pensions, healthcare-impacted pensions, annuities, and Cost-of-Living Adjustments (COLA) so you can make the best possible decision regarding your (early) retirement plans!

~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
~~~~
Connect with Grumpus:
Website: https://grumpusmaximus.com/
The Golden Albatross Book: https://www.amazon.com/dp/B088KVYYWX/ref=olp-opf-redir?aod=1&ie=UTF8&camp=1789&creative=9325&creativeASIN=B088KVYYWX&linkCode=am2&tag=grumpus-20&linkId=92e047d9c49694f95f0e66580bd9d58c
Twitter: @Grumpus Maximus or https://twitter.com/maximusgrumpus
Instagram: @grumpusmaximustoo or https://www.instagram.com/grumpusmaximustoo/
~~~~
Join the “Golden Albatross / Golden Handcuffs” Facebook Group:
https://www.facebook.com/groups/2147646148795314
~~~~
Connect with Joe:
Website: https://joesaulsehy.com/
Stacking Benjamins Podcast: https://www.stackingbenjamins.com/
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: www.biggerpockets.com/guest
Finance Friday: www.biggerpockets.com/financereview
~~~~
Follow Scott and Mindy on Instagram:
@scott_trench or https://www.instagram.com/scott_trench/
@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 259

Show notes at: https://www.biggerpockets.com/moneyshow259

0:00 Intro
3:07 Is Your Pension Worth It?
6:49 How to “Cash Out” of a Pension
7:49 Is Your Pension Safe?
15:40 Researching Your Pension
36:31 Healthcare for FI-ers with Pensions
40:05 Finding Your Own Pension
42:31 Are Annuities Worth It?
49:31 Can You Trust a Managed Pension?
1:02:41 The Golden Albatross
1:05:14 Wrapping Up Your Pension Prep