Use this proven method to measure what your pension is worth…And if it is worth it to stick around for it.
Use this proven method to measure what your pension is worth…And if it is worth it to stick around for it. Grumpus Maximus retired after 20 years of service in the US military. He shares how he grappled with the decision to stay for his pension and outlines a process that you can use when you are evaluating this for your own career. The Golden Albatross: How to Determine if Your Pension is Worth it is a must-read for anyone in a pensionable career
Since 2017, Grumpus Maximus has researched and written about this critical decision point, which he calls The Golden Albatross. Having served 20 years in the U.S. Military, he too struggled with the same questions, and now he helps others learn from his mistakes.
If your job offers a pension, then this book is a must-read. Easily learn how to calculate your pension's objective value and weigh it against the subjective benefits of leaving for more fulfilling work. When done, you will agree, it was worth it.
Grumpus Maximus is a retired U.S. Military Officer, husband, and father. Since 2017 he has blogged at grumpusmaximus.com about his experience with the decision to “gut it out” for his military pension. He has shared his insights about pension and financial independence planning with military, first responders, and many others who have a pension available to them. Since retiring in 2019 he has moved to New Zealand with his family.