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Retirement Discussions / Retire Well on Less


Subject:  Re: pensions and such over 50 Date:  11/7/2006  3:46 PM
Author:  Sphinx8 Number:  1023 of 1701

My Father, bless his heart, only had a grade school education -- Depression times -- but he was very financially savy -- all self taught. He worked in a plant, as well as owning a hobby farm, and he checked out the paper work for his pension. He noticed that for a small amount more on the premium he could make sure that my Mother got the full pension for the rest of her life in the event of his death. He went right up to the office and made the change in the paper work. As a result, my Mother got a good pension -- the full pension after his death. Dad also fortunately was smart enough to take early retirement and enjoyed 20 yrs. of retirement on his farm. I remember him saying he told several other men who worked at the plant with him, and they went up to the office and made the changes too. No doubt many widows were