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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix5/16/2011 4:41:26 PM
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I don't have a pension, but I would appreciate everyones thoughts on one.

As of August our county home, the wifes employer, will be sold to a private outfit. If the new management isn't a-holes, she
would like to work for a little longer. ( who wouldn't as opposed to spending every day with me? )
I'm trying to talk her into taking her pension right away while she continues to work, putting whatever is left after taxes into preferred or dividend stocks.
A hard sell so far. She wants to wait until she quits working.

They would pay her to 100 if she lives that long, but if something happened the day after she retires, I, or the kids if I died too, would get the equivalent of 13.39 years of annual payments in a lump sum. As time goes by, you just subtract what has been paid out from the starting lump sum and that is what is paid out. After 13.39 years there would be no payout upon her death. ( I couldn't care less about the payout )

She will no longer be contributing or building up time toward the benefit calculation from years of service after August.

I say the earlier she takes it, the better the chance she goes beyond 13.39 years.

Am I all wet?
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