Quote:
Originally Posted by Tom52
I can give the the correct answer if you provide the following:
Your age
Wife's age
Your expiration date
Wife's expiration date
Without that information you have to make your best estimates and don't look back.
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You forgot probably the most important tidbits of information.
How well is the pension plan funded?
What entity is funding the plan and what do their financials look like?
Is your plan backed by a third party like the Pension Benefit Guarantee Corporation, and if so, how does your lifetime annuity payments compare with the maximum guaranteed payments?
Bottom line, your analysis should carefully consider the likelihood that you will actually receive the lifetime annuity you are due if you select that option. Don’t blindly consider it to be a done deal.