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Pensions: Is the Survivor Benefit Option a Good Deal?

November 22, 2017

From the website

Sometimes we don’t recognize the beauty of something until it’s gone. That’s how I feel about pensions. A monthly stream of guaranteed income, sometimes inflation-adjusted, for the rest of your life, is a beautiful thing.

When I entered the workforce, many major corporations included a pension in their benefits package. Today, that number has shrunk to less than 20%. However, pensions still exist. The military, many teacher retirement systems and millions of government jobs typically offer pensions. And when it comes time to receive those pensions, the decision of whether to choose a survivor benefit option looms large.

From → Benefits

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