Pension Plan Retirement Options

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The purpose of the Pension Plan Retirement Options calculator is to show users the costs and benefits associated with the various pension plan retirement options. To use this tool you will need to enter your current age, your retirement age, your life expectancy, your spouse's current age, your spouse's age at your retirement, your spouse's life expectancy, your single pension amount at retirement, your joint pension amount at retirement, your insurance cost per thousand dollars, your rate of return on your investments, and your COLA annual adjustment rate. This calculator will take all of this information into consideration in order to show you how much monthly cost for life insurance is, how much your monthly cost for Joint Survivor Benefits will be, and what your lump sum payout will need to be in order to replace your survivor benefit.

Pension Plan Retirement Options Overview

It is very important that you understand the pros and cons of each pension option that is made available to you. Some options are intended to protect your spouse in the event of your death, while others are intended to provide you with larger monthly distributions after you retire. If you would like to examine the cost and benefits of your various pension plan options then you should use our Pension Plan Retirement Options Calculator.