Reply to 2 Feds, Divorce and Pension

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Reply to "2 Feds, Divorce and Pension"

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[quote=Anonymous]You would be losing out on getting your spousal share of his retirement.  Why would you want to do that?  That is a hefty price to pay just to erase him from your thoughts.

I can see why he would want to drop you on his survivor benefits (i.e. b/c he wants to take care of soon-to-be-wife #2).

It would be a really dumb financial move for you to release your claim to survivor benefits on his retirement.

Is it possible to change the order --- sure.  It would just be really dumb.  If you want to do it, then he should be legally obligated to pay you a sum that you can invest today to pay out an annuity that would be equivalent to the survivor benefits.

But, instead of going through the hassle of all that.... he should just take out life insurance on himself with wife #2 as the beneficiary and call it a day.  You should keep your survivor benefits.

He probably won't lose much by signing away HIS right to your survivor benefits b/c statistically speaking -- women tend to outlive men.  So, most likely he wouldn't have received any payments b/c you wouldn't have died first.

You are the big loser if you do this.[/quote]

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