Mailbag: Pension, Inflation, and Planning as a Widow

<p>Today we have two mailbag questions that we want to answer. </p> <p>First, if your pension payout doesn’t change with inflation, how will this affect your planning. And the second is about the challenges you’ll encounter planning as a widow in retirement. We’ll explain how you’ll face a new tax bracket, one less Social Security check, and inflation pushing back.</p> <p> </p> <p><strong>Read more and get additional financial resources here:</strong> <a href= "https://johnsonbrunetti.com/life-insurance-mistakes-you-need-to-avoid/"> https://johnsonbrunetti.com/life-insurance-mistakes-you-need-to-avoid/</a> </p> <p> </p> <p><strong>What we discuss in this episode: </strong></p> <p><strong>0:21</strong> – Getting to Know Joel: What’s the hardest job you’ve ever had? Joel worked at a warehouse overnight unloading trucks.</p> <p><strong>3:29</strong> – Mailbag question: My pension doesn’t provide an inflation rate. Should I even consider taking the spousal continuation option?</p> <p><strong>5:14</strong> –<span class= "Apple-converted-space"> </span> My husband is 11 years older than me so there’s a good chance I might end up being a widow for a significant amount of time in retirement. What type of planning challenges does this present for me?</p> <p><strong>6:50</strong> – What does the Money Map review process look like?</p>