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Author: ibnana Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19378  
Subject: Re: Wake-up call Date: 11/13/2000 11:37 PM
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If a husband gets a pension and does not choose a guaranteed or survivorship benefit, the wife loses the pension when the husband dies.

I believe the wife has to agree in writing to this for it to happen. The husband's pension payment is then quite a bit higher. Unfortunately, when looking at the pension options, the 50% split is usually emphasized. e.g: the wife gets half the pension amount if the husband dies first. In our case, we chose the 100% option. If my husband dies first, I will still get his full pension. The difference in the monthly amount we receive is small.

I have figured out that I will actually have more income after he's gone, because then I'll also receive his full SS payment instead of half as I do now. In other words, he's worth more to me dead than alive. <G>

And he's the one who would need financial advice if he lives longer. He is clueless and has no interest.

Carol



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