Should You Take the Pension Or a Lump Sum?

Should You Take the Pension Or a Lump Sum?

For those that are lucky enough to have a pension, this is always a popular question. For those without a pension of any sort, this is one to skip. Given that I’ve gotten this question a few times over the past couple months, I wanted to provide some thoughts on this topic. When it comes time to retire, if you are offered a pension, you will likely be offered one of two scenarios: Scenario One: The option to choose: a…

Read More Read More

Notes from the Field 004 – The Senate, Economic History and Gold

Notes from the Field 004 – The Senate, Economic History and Gold

“Notes from the Field” is a weekly collection of thoughts or ideas I’ve had and resources I’ve found through the week that I want to share. I love doing this and hope you like it too. If you come across anything that is interesting or thought-provoking, please send it along!  The Story of the Senate David Perell penned the article below a couple weeks ago based on the book Master of the Senate by Robert Caro. This short read on the…

Read More Read More

Pittsburgh Burger Tour Stop #7: Stack’d Custom Burgers & Craft Beer

Pittsburgh Burger Tour Stop #7: Stack’d Custom Burgers & Craft Beer

My mission with the PBT is to find the best cheeseburger and fries in Pittsburgh. For the PBT uninitiated, I use the following scoring system to rate each stop. Burger Taste: 25 PointsFries Taste: 25 PointsValue: 25 PointsService: 10 PointsAmbiance: 15 Points Stop #6: Stack’d Today, I went to Stack’d for stop #7 on the Pittsburgh Burger Tour. Stack’d currently has four locations — Oakland, Shadyside, Hampton and Wexford. We dined at the Oakland location. My guest was my friend…

Read More Read More

What to do in retirement?

What to do in retirement?

You’ve been working hard for the last 40 years and saving diligently for the big day — the day you walk out of your office for the final time never to return again. For many people this is an experience that’s met with jubilation. For others, fear. After the initial honeymoon stage of unlimited free-time ends, many newly minted retirees begin to suffer an identity crisis. For so many of us, at least a portion of our identity is tied…

Read More Read More

Pittsburgh Burger Tour Stop #6: Whispers Pub

Pittsburgh Burger Tour Stop #6: Whispers Pub

Note: I used to post the PBT to my Facebook page, but given that I have relinquished my Facebook presence, I am moving it here to the blog. My mission with the PBT is to find the best cheeseburger and fries in Pittsburgh. For the PBT uninitiated, I use the following scoring system to rate each stop. Burger Taste: 25 PointsFries Taste: 25 PointsValue: 25 PointsService: 10 PointsAmbiance: 15 Points Stop #6: Whispers Pub On Tuesday, I went to Whispers…

Read More Read More

Notes From The Field 002

Notes From The Field 002

“Notes from the Field” is a weekly collection of thoughts or ideas I’ve had and resources I’ve found through the week that I want to share. If you come across anything that is interesting or thought-provoking, please send it along!   The Concept of Enough: In Notes from the Field 001, I mentioned the concept of “enough” with regard to Jack Bogle.  This week, I came across this great story he told to illustrate the concept during a commencement address he…

Read More Read More

Should You Ignore Financial TV?

Should You Ignore Financial TV?

This one is a bit of a softball, and you can probably guess what my answer is. But given that the end of the year was yet another apocalypse du jour and that retirees often worry themselves into making poor portfolio decisions during that sort of event, I wanted to discuss it in more detail. During the final quarter of 2018, the S&P 500 declined almost 14%. Just prior to 4Q 2018, the financial media was naturally (conveniently?) bullish as…

Read More Read More

Notes From The Field 001

Notes From The Field 001

Retirement Field Guide™ is guided by two primary purposes: #1 is to increase #RetirementLiteracy within the community of people thinking about or making the transition into retirement and #2 is to help those same people live their best life. I find that the people I enjoy most are naturally curious and have a desire to continue learning and improving. Most anyone that reads “a boring financial blog” would almost certainly qualify as having a desire to learn and improve. Given…

Read More Read More

How to Pay for Long-Term Care

How to Pay for Long-Term Care

If you’re like the majority of retirees, you are probably worried about your future health whether that’s simply needing help in your later years or Alzheimer’s. And there is a good chance that your worrying is well-placed as according to AARP, approximately 52% of people who turn 65 today will require some sort of long-term care (LTC). Not surprisingly, women are more likely than men to need care (58% vs 47%). Women also need care longer than men on average…

Read More Read More