John Mason, CFP®, reviews the potential pitfalls of declining survivor benefits and the true cost of this choice to your financial plan.

ℹ️ About the Episode:

          • As a Federal Employee your pension benefits set you apart.

          • Your $40,000 pension is worth having approximately $1M in your TSP.

          • If you can’t retire with full survivor benefits, you can’t retire at all.

          • It’s difficult to replace your full pension with insurance.

          • If you can’t live on 90% of your pension, how can your spouse live on 0%?

          • Your SBP premiums are pre-tax, making the full cost under 10%