No. of Recommendations: 1
Congratulations on your early retirement! I don't know what your pension monthly payment would be, but frequently you can take 100% as you said, or 75% and your surviving spouse would continue receiving payments or 50%, etc.
You may be able to buy life insurance with the pension payment differential which would protect your spouse if you were to die first. For example, if you would get $1000 month with 100% or $750 a month with 75% including your wife, you could spend up to $250 a month on life insurance if you took the 100% and if you died first your wife would recieve the life insurance payout to live off of. If your wife died first you would still receive 100% pension payout.
Hope this helps.
Good Luck!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.