ohyes
Full time employment: Posting here.
- Joined
- Sep 24, 2010
- Messages
- 805
Anybody have time to share information or a place to find it?
DH (58) retiring 6/30/11
me (55) retiring 6/30/12
Both will have teaching pensions, but not that much. We both plan to take the 100% survivorship plan so our spouse will get the same amount when either goes to greener pastures.
We just found out today that our health insurance (after I have retired) will be $527.00 more each month than we had been told. (long story, but we had been told by the AR Employee Benefits Division that we could take the state employee insurance rates because we once worked for the state. Found out today that there is "new clarification" and we cannot take advantage of that because we did not work as state employees for 5 years).
Anyway, the more i figure, the more I think we will want to take out our 403b
accounts as disbursements before starting Social Security when we each hit 62yo.
We hope to meet with a financial guy next Wed while we are in Little Rock to wrap up DH's retirement paperwork. He is the guy with whom we opened our 403b accounts decades ago. I hope he will be helpful and not try to sell us more products, but won't know until we talk to him.
Thanks.
P.S. I need explanations in simple language. Googling this has not enlightened me at all.
DH (58) retiring 6/30/11
me (55) retiring 6/30/12
Both will have teaching pensions, but not that much. We both plan to take the 100% survivorship plan so our spouse will get the same amount when either goes to greener pastures.
We just found out today that our health insurance (after I have retired) will be $527.00 more each month than we had been told. (long story, but we had been told by the AR Employee Benefits Division that we could take the state employee insurance rates because we once worked for the state. Found out today that there is "new clarification" and we cannot take advantage of that because we did not work as state employees for 5 years).
Anyway, the more i figure, the more I think we will want to take out our 403b
accounts as disbursements before starting Social Security when we each hit 62yo.
We hope to meet with a financial guy next Wed while we are in Little Rock to wrap up DH's retirement paperwork. He is the guy with whom we opened our 403b accounts decades ago. I hope he will be helpful and not try to sell us more products, but won't know until we talk to him.
Thanks.
P.S. I need explanations in simple language. Googling this has not enlightened me at all.
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