Beststash
Full time employment: Posting here.
- Joined
- Nov 8, 2003
- Messages
- 582
53 male - will retire next month (lost job and pension eligible). I would like to retire and not return to full time work. Does anyone have experience dealing with the pension survivor benefit options?? My choices are myself, Joint + 50, Joint +100, and 10 year certain. I need to be sure and provide for my dream girl. We are the same age and although I am debt free, my pension is not large enough to maintain my lifestyle. If I can withdraw 3-4% out of savings (which this forum has convinced me is OK) I will be fine.
Question is - For the joint + 100% - I will receive about $200 a month decrease - I wonder if a life insurance policy at that rate would be a better alternative?? Or am I complicating things and should just go for the $200 deduction??
Any suggestions??
Question is - For the joint + 100% - I will receive about $200 a month decrease - I wonder if a life insurance policy at that rate would be a better alternative?? Or am I complicating things and should just go for the $200 deduction??
Any suggestions??