The Importance of the Survivorship Decision

There is a substantial financial risk to the retiring federal employee electing the survivorship option, then outliving his or her spouse. Presumably half of all will outlive their spouses, and they will pay the cost of the survivorship option without ever garnering any benefit for doing so. Even though it is impossible to know which spouse will die first, a thoughtful conversation about life expectancies --- though a heavy one --- is very valuable



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