Those are greater odds for a reduction than in the first annuity option where a reduction in income only happens when the primary annuitant dies but never when the second annuitant dies. So with this option it's less likely for the cut to happen. If you've been able to follow me so ...
If you select the monthly payment, your next choice will be whether you want to receive a single life benefit or a joint and survivor benefit. The first choice will result in a higher monthly payment, but when the recipient dies, the benefit stops. If the pensioner dies a month a...
With a defined-benefit pension plan, the employer guarantees that the employee will receive a specific monthly payment after retiring and for life, regardless of the performance of the underlying investment pool. The employer is thus liable for pension payments to the retiree for a dollar amount t...
I thought he could take Medicare at anytime after 2 years (if we decided not keep the Delta retiree plan, say in 3 years, then we could choose Medicare). I also thought that the clock “reset” when he turns 65 and it would be like he never had Medicare under SSDI. In other ...
The picture was are originally shot with a Pentax K1000 on Ilford FP4, scanned from negative and tweaked using Snapseed and Marksta. Click the picture for a larger version. A list of other entries to this theme; if you do not want to be on this list let me know and I remove the lin...
The man I mentioned above even said to me that he will be getting the booster shot if and when it comes out next year. When you hear from your clients all day, every client, not 1 or 2 then this is a concern for all people who have h...
Some people decide to take the single-life annuity. When the employee dies, the pension payout stops, but a large, tax-free death benefit is paid out to the surviving spouse, which can be invested. Can your pension fund ever run out of money? Theoretically, yes. But if your pension fu...