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Question for the Money Doctors

Question submitted on Jul 6, 2015.


I am 65 and retiring soon and trying to decide between Single life annuity and 50% QJSA option for my pension. My wife is working and is 57 with a small pension. The difference between the 2 options is 300 dollars a month. Which would be the better option. I want to enjoy my retirement and 300 dollars now could come in handy. Any advice?


To provide retirement planning advice specific to your situation, more detail is needed.  I recommend you consider engaging a CPA/PFS in your area to assist at

In the meantime,  you can get some general ideas from this previously published article on the 360 Degrees of Financial Literacy website:




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