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URL:  https://boards.fool.com/welcome-honda97-you-asked-i-am-planning-to-retire-11349778.aspx

Subject:  Re: Pension Maximization Question Date:  10/8/1999  3:01 PM
Author:  Canth Number:  14321 of 102697

Welcome Honda97
you asked.
I am planning to retire in about 3 months, and my
employer offers a pension to me. I need to determine
if it is wise to take the Single Life Only option
where I would receive the maximum pension money.

The alternative seems to be to take the Joint and
Survivor option that will provide a lifetime income
for my spouse of about $30,000 when I die. The
pension difference between the 100% (Single Life)
option, and the Joint Survivor option is about
$5,000/year to me.

There are several factors to look at. Like your comparative ages. And what would be a good guess as to how long the two of you will live. If your wife will be outliving you? What is the average life span of the men in your family?? How long is that from now?

What are your current finances?? If you die next year
how much money would your wife require??

You want to take a look at these numbers with your wife and decide what level of risk the two of you are happy with.

Other options you could look at would be a term life policy. and save/invest the difference.

Depending on the size of your nest egg you may want to go with the VUL, a term policy or just count on Soc Sec. and your nest egg to provide for your wife.



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