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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (9019)5/16/2011 11:46:07 PM
From: Jim P.  Read Replies (1) of 34328
 
No survivor benefits besides the total distribution of the lump sum benefits, no additional contributing to or build of benefits after August, no inflation adjustment on future benefits or current when drawing.
I say start the pension and put it into dividend stocks. It should not be to difficult to put together a spread sheet showing the benefits of starting compared to waiting.
My pension has a 6% penalty per year for every year I start my pension below my normal retirement age. I take it this does not apply in any form.
My guess would be your wife's pension value drops every year she delays taking the pension by the rate of inflation.
There have been no raises at my job for three years. Retirees from my work are still getting inflation adjustment in years when the CPI is positive but no reduction for drops. Pretty sweet deal if you catch it.
You are not all wet but suspect you might be if you make the wife upset about her choice. Keeping the peace also pays dividends.
jim
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