hurleyjd
Well-known member
What is your source of retirement income. My wife and my retirement income comes from company pensions, SS benefits and dividend checks. Covers everything we need and some for feeding the cows. We started SS benefits at 62. Mine is the greater and also my pension is greater than the wife. If I die first she will get all of my pension and can move up to my SS benefits. I took a bit less on the pension so she cold have it if I died first. If she should die first then I would lose her SS benefits and pension which amounts to about $1050 a month. She can make it pretty well and I will not suffer if she should die first. I would sell the cows and most of the farm and keep going. I also think there would be some left for the children at either her or my death.
What prompted this post is article I read about this professor that teaching retired planning to professional money managers in college. He decided to go till seventy for the SS benefits and was investing in annuities. This year at 78 I had drew about the same as if had waited until seventy to start.
What prompted this post is article I read about this professor that teaching retired planning to professional money managers in college. He decided to go till seventy for the SS benefits and was investing in annuities. This year at 78 I had drew about the same as if had waited until seventy to start.