CardsFan
Thinks s/he gets paid by the post
A casual friend (brother of one of our best friends) passed away yesterday. Unexpected, he fell off a ladder trimming a tree.
He was 58 and a retired labor. It turns out his 51 year old wife, who is on disability, will get nothing from his pension. Seems "they" agreed to take 100% with no survivor benefit. She signed the papers, so there is no recourse. She is cut off immediately.
They were not savers, but the pension, with SS would be enough to live on.
I know there are circumstances that say the discount for survivor benefits is at least debatable (two pensions, large savings, etc.). This was not one of them.
For most here, we know enough to consider the possibilities. But many may have friends (like us) that don't think that far out. If you can, counsel them.
He was 58 and a retired labor. It turns out his 51 year old wife, who is on disability, will get nothing from his pension. Seems "they" agreed to take 100% with no survivor benefit. She signed the papers, so there is no recourse. She is cut off immediately.
They were not savers, but the pension, with SS would be enough to live on.
I know there are circumstances that say the discount for survivor benefits is at least debatable (two pensions, large savings, etc.). This was not one of them.
For most here, we know enough to consider the possibilities. But many may have friends (like us) that don't think that far out. If you can, counsel them.