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URL:  http://boards.fool.com/i-faced-that-issue-several-years-ago-in-my-case-i-11197246.aspx

Subject:  Re: Retirement Options Date:  8/26/1999  11:02 PM
Author:  buznitz Number:  13503 of 75801

I faced that issue several years ago. In my case I also had an additional option of 50% survivor at a 5% decrease in retirement which I took. There is no straight answer. It depends on your ages, your health and upon longevity genes. But if your spouse is collecting her own pension and has other sources of income, it probably is better to not take a reduction in your pension. I also had the option of guaranteed 10 year income at a larger reduction in pension. This did not seem like a good idea since I was healthy and males in my family lived into the 90's. It is not a simple calculation if you take inflation and taxes into account along with the life style in retirement you expect.
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