The day has finally come to claim my non-COLA, No lump sum available, megacorp pension.
I'm finding the choice difficult to decide on.
Single life annuity $2,868
50% survivor $2,330 a month beneficiary gets 1,165
66% survivor 2163 a month beneficiary gets 1442
75% survivor 2065 a month beneficiary gets 1548
100% survivor 1800 a month beneficiary gets 1800
I'm turning 60 and my non- working wife 43.
Two children 6 and 9
I'm planning on claiming social security at age 62 1800/month as well as claiming for children under 18 which I think is $800 but very difficult to get accurate information about this amount.
I have a $500,000 life insurance term policy until age 70.5
$2,000,000 securities and cash
Expenses $2000-$4000/mo
Planning to buy a house in 2-4 years in the southeast and expecting to pay $300-$400 K for it. Not sure if I'm going to get a mortgage or pay cash. Looking for some advice on that also.
I'm finding the choice difficult to decide on.
Single life annuity $2,868
50% survivor $2,330 a month beneficiary gets 1,165
66% survivor 2163 a month beneficiary gets 1442
75% survivor 2065 a month beneficiary gets 1548
100% survivor 1800 a month beneficiary gets 1800
I'm turning 60 and my non- working wife 43.
Two children 6 and 9
I'm planning on claiming social security at age 62 1800/month as well as claiming for children under 18 which I think is $800 but very difficult to get accurate information about this amount.
I have a $500,000 life insurance term policy until age 70.5
$2,000,000 securities and cash
Expenses $2000-$4000/mo
Planning to buy a house in 2-4 years in the southeast and expecting to pay $300-$400 K for it. Not sure if I'm going to get a mortgage or pay cash. Looking for some advice on that also.