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[quote=Anonymous][quote=Anonymous]A lot of pensions have a survivor's benefit. If my DH dies before me, I will receive his pension (exact same monthly amount) until I die (I think there's an upper limit on it but it's like 20 years and I think it's bigger if he dies before 65).

Also we have lots of money in 401ks and other investments. We view the pension as insurance against potential losses in the market. If the market took a big hit, we know we have guaranteed monthly income. Also, since our house will be paid off by the time we retire, the pension amount is actually pretty generous. Even if we had no other investments, we could live a reasonably comfortable life on it, eating out once a week and domestic travel a few times a year. Our other investments will afford us a more expansive retirement, but it is a relief to know that even if the worst happens, we'll be okay.[/quote]

If you are still married at retirement I think retirement planning is much easier. Unfortunately I am seeing a lot of people my age (we are in our early 60s) divorcing. And I just can't imagine the mess financially and also you now have to rethink your financial future at a time when you can't even work.[/quote]

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