Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 11-27-2020, 05:30 PM   #121
Dryer sheet aficionado
Join Date: May 2005
Posts: 35
If someone's primary source of retirement income will be a pension and the spouse does not have any other significant source of income should the pensioner die, not taking a j&s option of 75% or greater is fiscal malfeasance unless they have a substantial insurance policy in place to replace the pension income.
It is useless to attempt to reason a man out of a thing he was never reasoned into.-- Jonathan Swift
Theo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-27-2020, 05:59 PM   #122
Recycles dryer sheets
Join Date: Mar 2013
Posts: 200
Originally Posted by brett View Post
This is easily explainable for those who need to take the spousal option but fail to do so.

You cannot fix stupid.

Both on the part of the retiree who asks his or her spouse to agree and on the part of the spouse who signs it away without understanding the potential consequence of doing so.

I like to think that I'm relatively educated on financial things, but I'll admit that I had no idea about the spouse having to sign off on survivor benefits until I asked a question here last year about relying on a pension. I never had a pension while working and don't know many people who have them either. The monthly pension amount is pretty small, but I'm glad I was prepared. We got the pension paperwork last month, and I think the default option was 50% for the survivor. We chose 100% though and I signed the paperwork in front of a notary.
hausfrau is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Clothing Optional? mountainsoft Other topics 91 01-02-2020 04:17 PM
Has age been considered as an optional field in member profile? KCGeezer Forum Admin 22 01-04-2018 02:07 PM
Is Medicaid mandatory or optional? Refresher Health and Early Retirement 10 03-26-2016 10:12 AM
Turning Off "Optional: Investigate" Options BigFoot48 FIRECalc support 2 12-26-2013 10:15 AM
Social Security - optional method of reporting todo1 FIRE and Money 0 06-17-2011 08:40 PM

» Quick Links

All times are GMT -6. The time now is 02:30 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.