Finding a financial planner

kelsmom
Sun, 18 Aug 2024 15:53:23 +0000

Our health insurance stayed in place even if we took the lump sum, although it ends for everyone (pension & lump sum) at 65. Those who took the pension got an additional $200/month (for former employee, but not spouse) at 65 to assist with paying for insurance. Given that this same company took away everything that they promised my dad when he retired, we did not trust that the $200/month would continue past the company’s next financial crisis. And because the pension amount was less beginning at 62 than it was before 62, they were “giving back” at 65 less than they took away at 62.