A larger pension check today can look incredibly tempting, but what happens if your spouse outlives you? Phil breaks down one of the biggest pension decisions couples face and explains the tradeoffs between maximizing monthly income and protecting a surviving spouse. This is a permanent retirement decision and deserves much more thought than most people give it.

Here’s some of what we discuss in this episode:

💵 Pension Choices: Bigger checks create tradeoffs

🛡️ Survivor Protection: Spousal income matters deeply

📉 Invest-the-Difference Risk: Timing can ruin the strategy

📊 Run The Math: Permanent decisions need planning

💰 Lump Sum Options: Flexibility changes the equation

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