Hi,There are a lot of factors that would help you m ake a decision - is your wife financially set without your money?, will she need your income to get by? Can she get by alone on the $1000. I worked for Social Security for 10 or so years and one story has stuck in my mind - An older woman came in to apply for SSI (the needs based program - not Social Security - which she wasn't eligible for (no work history) - Her husband had just died, he had worked his entire life for the local fire dept (meaning no work history or eligibility for Social Security either) and upon retiring took full benefits with no survivor benefits - He died after receiving the first check, massive coronary - She was now a destitute, 70 year old woman who had no knowledge of finances, money management, and no income. her husband had never discussed money with her, he took care of all of it himself. My thinking is that it is always better to prepare for the worst case.Best of luck in your golden yearsJimAI am retiring and have several options for monthly income. No luump sum available.I can get 2200 per month and wife nothing when I die.I can get 2050 per month and wife gets 1000 when I die.I can get 1900 per mo and wife gets the same 1900.Any advise or best guess on the options. Both of us are 60 and in pretty good health. I hav heard of some buying taking the highest for my life and buying life insurance for wife's part. This would be easy if I knew how long each would live.
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