Jigger
Confused about dryer sheets
Looking at getting FIRED from my teaching job of 36 years. Is that really early?! The question is whether to take a survivor benefit on my Washington State pension. My wife and I are both 59, she is in good health - I'm struggling with A-fib but hope to hang in there for a long time. The reality is ....who knows?
The pension will be $1900 a month. To take the full survivor benefit the total will drop to $1600 a month. We have $1.2 million saved and own $1 million of real estate between two properties.
I was quoted a 20 year level term life policy of $100,000 for $130 per month.
If I go early the wife will have a decent asset base to live off of, but the income from my pension would not fly out the window if we took the survivor benefit.
Your thoughts?
Sent from my iPad using Early Retirement Forum
The pension will be $1900 a month. To take the full survivor benefit the total will drop to $1600 a month. We have $1.2 million saved and own $1 million of real estate between two properties.
I was quoted a 20 year level term life policy of $100,000 for $130 per month.
If I go early the wife will have a decent asset base to live off of, but the income from my pension would not fly out the window if we took the survivor benefit.
Your thoughts?
Sent from my iPad using Early Retirement Forum