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I think you have to look at it holistically...not in isolation What else is available for your retirment? Spending needs and wants? Health of you both? Genetics and expected life span.....what part does your employer pension play in the overall scheme of things? How much are we talking about?.... Answers would likely spawn more relevant quatios as your personal situation unfolds and theory becomes more real
nukester wrote: As I approach retirement age, I have been reviewing my employers (Rather humble) retirement payout. Among the many options is the Joint / Survivor percentage selection. In other words if I want my spouse to receive 100% of my monthly pension after I pass, than I accept a smaller payout than would otherwise be the case. If I choose my pension to last only thru my life, than I receive a slighly higher payout. Standard stuff we all understand. My question: Would anyone here (Assuming married) consider taking the Single life annuity mentioned above (Sightly larger monthly payment) and using the extra cash to purchase Term life insurance? My .02= It works on paper, but has problems later in life as longer Term life insurance is scace as well as expensive. I know this is a bit off topic, but seems worthy of a few thoughts and comments as none of us are getting any younger :-) Cheers, Nukester
