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View Poll Results: Do you have any contingency plans for retirement?
No; I am playing the whole thing by ear 3 6.67%
I only have a rough plan and insurance 7 15.56%
I have a good plan, insurance and rough idea of how I could adapt 19 42.22%
I have detailed plans and run analysis for various scenarios 16 35.56%
Voters: 45. You may not vote on this poll

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Old 04-10-2016, 04:47 AM
71,460 posts, read 71,629,249 times
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interesting study

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Old 04-10-2016, 09:09 AM
168 posts, read 129,775 times
Reputation: 844
We had plan A and plan B. We never really talked much about plan B.

Plan A had income from 5 sources: his work pension annuity, a small military pension with medical benefits for life, our 401 k, and 2 social security payments.

Plan B for him was the above minus my small ss payment to be replaced with a small life insurance policy to be used to pay off debts and house.

Plan B for me was combining a lump sum payout of his retirement and the 401 into IRAs, having a much reduced military pension with medical benefits, ss, and income from investing much larger life insurance policies after paying off debts and house.

Sadly my plan B is the reality as I lost him to cancer at age 62 before he retired.

I did the planning. He did not like to deal with finances.
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