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Brown Cafe UPS Forum
UPS Retirement Topics
Ask A Retired Person, Retirement FAQ. ( ON TOPIC )
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<blockquote data-quote="olroadbeech" data-source="post: 3631096" data-attributes="member: 52145"><p>You are correct. Our pension went down a couple hundred because i just turned 62. I signed a paper they told me That i opted for this . To take extra on the front end till 62.</p><p></p><p>I also opted for the spousal option which I get 300 a month less so my spouse could get 60% of my pension if I died first. If he dies first then it gets "bumped" back up 300.</p><p></p><p>I know I could have taken that 300 a month and bought a life insurance policy but we were not comfortable with him getting a lump sum if i should die first. the 60% pension and social security plus other retirement accounts and cash savings will be more than adequate.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 3631096, member: 52145"] You are correct. Our pension went down a couple hundred because i just turned 62. I signed a paper they told me That i opted for this . To take extra on the front end till 62. I also opted for the spousal option which I get 300 a month less so my spouse could get 60% of my pension if I died first. If he dies first then it gets "bumped" back up 300. I know I could have taken that 300 a month and bought a life insurance policy but we were not comfortable with him getting a lump sum if i should die first. the 60% pension and social security plus other retirement accounts and cash savings will be more than adequate. [/QUOTE]
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Ask A Retired Person, Retirement FAQ. ( ON TOPIC )
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