Should You Take the Survivor Option on Your Pension?
In some cases, you could buy life insurance instead and get a better deal in protecting your spouse. There are some things to keep in mind, though....
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In some cases, you could buy life insurance instead and get a better deal in protecting your spouse. There are some things to keep in mind, though....
Looking forward to retiring this summer. We've got a studio apartment in our home that I will rent out on AirBnB and I've got a small trust ($650/month) from my dad passing last year. My wife will con...
I am well situated right now. However, if my spouse dies, I can imagine living an expat life in Europe at least for a while. (He has health problems, and is a homebody. When I travel, I go with my sis...
Aaron Blight and his wife were thrown into the role of caregiver when his mother-in-law was diagnosed with a brain tumor. The couple cared for her for more than five years, juggling her needs with rai...
Does anyone know if I am able to check on the status of my son's social security benefit payment. He lives with my ex-wife and neither of them will communicate with me. My son turned 18 in January of ...
Three years before he died, my husband had a major stroke while playing golf. He was rushed to the hospital, treated quickly, and had minimal lasting effects from it. However, we did not realize at th...
My wife died a few years ago and took her SS benefit about 11 months before FRA (at a reduced value) and passed about four months later. I still have a couple years before reaching FRA and will likely...
It’s inevitable that one spouse or partner will live alone at some point in their life; plan ahead to make sure the survivor will be OK financially....
Spouse (62) is cutting back to part time soon and will still have health insurance. We're going to start taking distributions from one of the 401Ks to make up for the loss of income. (Funny thing is s...
Hey all, I am in my 50s and need to change 401(K) providers - likely from Vanguard to Fidelity. I also run a small business, so this is specific to the Individual 401(K) plan I have with my wife toget...
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
Some states automatically revoke a former spouse as a beneficiary on some accounts. Waivers can be used, too. Best not to leave it up to your state, though....
In the last year I left my full time job and began working part time 20 hours/week. I consider myself semi- retired. But since my spouse is still working full time, I've taken on almost all the househ...
Hello. I will be 63 in September, my wife 65 in July. We would like to retire together about the end of this year. I will need health insurance for close to 2 years before I turn 65. I have no idea on...
My wife and are are heading toward retirement and will be updating our wills/estate plans. We are both quite active and mentally sharp; both have advanced degrees, but my family has a history of Parki...
My ex husband passed Nov 1, 2023. We divorced Jan 4 2014. I became disabled Jan10 2013. I was 53. I remarried Sept 5 2013 at age 55. I’m I eligible to survivor benefits? I was told yes by 2 empl...
In 2007, I had a dream of taking my future family on a ski vacation. I was an avid snowboarder and my wife enjoyed the tranquility of Lake Tahoe. After receiving a good bonus, I bought a two-bedroom, ...
Maybe not a good title. My (64M) wife (63F) retires in less than 3 months. I plan to retire in June of 2025. This will allow us to cobra my wife’s healthcare until she’s 65. We have about ...
My husband is retiring after 50 years at the same company. Pretty astounding in this day and age, right? The question is will it matter if he retires on the first or last day of the month (ex. 7/31 or...
I am 55 1/2. Lost my wife 7 months ago. I have a job I enjoy, but working 40+ hours a week has been a grind and am looking forward to the day I can retire and start to do the hobbies that I thoroughly...
Hello Again, Three years ago My 86 year old Mother-in-law who lost her husband who was receiving Social Security Retirement. She called to inquire about Survivor’s Benefits as a Widow & was ...
I watch this sub pretty closely as my husband and I are closing in on the window of time that "retirement" seems like a close reality as opposed to something far off in the distance. I also work in th...
Should you appoint your new spouse or a child from your previous marriage? It all comes down to who will make the best decisions that are right for you....
About two years before my husband died of kidney disease, he reached the point in his health decline where we decided to hire an aide to help him. It took four tries before we found an aide who met ou...
Lately, I've been pondering why I have less admiration for men who claim to be retired but have a working spouse. Is it fueled by envy? It's possible, considering I wouldn't mind if my wife were the b...
I’m 64 and getting very close to submit my retirement letter. Today, my wife and I usually head out for lunch and dinner. Nothing expensive and it breaks up the day well. However it would probab...
My husband and I are thinking of moving to a land-lease retirement community of individual bungalows with basements. We would love a bungalow due to arthritis and other health issues. The community is...
Been looking at communities as my wife like the idea of a very active place such as what she see in adverts for Margaritaville (though we've not been yet, probably will visit one this year as we get c...
You may want to research a knee replacement or other medical problem you have. Whenever our doctors tell my husband or me about a new health problem, the first thing we do is ask the doctor to give us...
Let’s change the subject a bit. Whether you have retired or not, do you have one favorite photo that brings back a great the memory of the place you have been? My wife and I love to travel and v...
A few weeks ago my husband (60) received an early morning phone call from his manager and the HR representative, letting him know that he is retired effective immediately. He had planned to work anoth...
Aside from your spouse or partner, if applicable, who is the first person you told once you made the final decision to retire? Why that person? I have friends who have retired and my guess is that I w...
Hi everyone. I need advice or just really just to talk. I live in New Jersey and my spouse has always wanted to move to South Carolina since I met him. We've been together for many years. We have 1 da...
My wife and I are looking ahead towards retirement in a few years. We're considering staying where we currently live in NY because almost all of our family and friends are here. We're also considering...
My wife and I are just about ready to retire up in Wisconsin. My main priority in retirement is to be able to ride my bicycles at least ten months a year, and ski some as well (willing to travel to do...
My wife and I are approaching our one-year retirement anniversary, and it's been everything we had thought it would be. "Every day is Saturday," etc. Waking up whenever and simply going with the flow ...
Just after midnight on New Year's Day of 2012, I was standing in a pizzeria in New York with my wife Carissa. We had just watched “The Ball” drop in Times Square. Frank Sinatra's "New York...
I am enjoying being retired so far. Haven't really done much except for a little more reading. My question is what have you retired folks done to ensure your brain stays healthy? My husband is 70 and ...
I'm retired and my wife is being forced out of her job this year. We live on the west coast (USA), Washington State, not California. I'm originally from Michigan and she is from Asia. Financially, I t...
We did it when my kids were young, but I was most concerned with who would care for them than anything else. The rest of it was noise to me, though my spouse was there to make decisions. They are olde...
Hi, my husband is retiring in 3 years at age 61. We have the funds we need, we have a lifelong pension with joint survivor benefits, and we don't carry any debt (homes and cars are paid for and childr...
I was hoping to get some advice from folks who have done this. My wife and I currently live in Seattle. We have lived here 30 years but it getting too expensive. At 62 I still have a mortgage to pay o...
I (61f) haven't worked in over a year. I worked in human services my whole career, and when they closed my program in November 2022, I didn't seek a new job. Now my wife (64f) is retiring in June, and...
My husband is 64, our sole income. No plans to retire until he’s 70. I’m 57. We aren’t good with money so I’m not sure what the best plan is. We have 206k vested in a 401k. Abo...
My wife and I have recently retired and want to refresh the interior of our house by repainting and replacing the carpet. When we were younger we would normally arrange this kind of thing ourselves, m...
I am currently 56 years old with a 54-year-old wife. We live in Kansas so cost of living is reasonable. We have no debt. Current gross income is approx. $200,000/yr. Projected assets at retirement (59...
My wife and I have no kids or family. What should we be thinking about and planning differently than if one had a big family? We have a will and the packet that goes along with that. I was hoping to f...
In this episode of "Rock Your Retirement," Barbara shares her incredible experiences from a three-week trip to Europe, including visits to Ireland, Iceland, and Spain. Barbara and her husband embarked...
My wife and I started Medicare Plan B on January 1, 2024. we received a bill for four months of premiums, which we paid in full. My wife decided just after January 1, to start Social Security. We rece...