You may get to choose from several options for receiving your pension. Here’s how to think it through. Read Full Article.
In Kiplinger's, Scott Hanson answers the question: My husband just retired, and now we need to make a decision on which pension option we should take. He can take a higher monthly check, which will stop upon his death. Or if we want to go the “survivor’s benefit” route, he can take a reduced amount now (about $500 less per month) so I can continue to receive payments should my husband die first. Read more.