My wife and I just retired. She is 55. She has a very small pension ($500/month starting at 65.). She can start taking it now, at 55, and get 48% of the $500. We are trying to make the best decision, including this info
1- the company is a healthcare non-profit that has always been financially successful andis heavily dependent on Medicaid and Medicare reimbursements. I think they probably will never declare bankruptcy, but it is certainly possible in the next 50 years.
2- DW and I are in pretty good health, and I am 42, so a 50 + year pay out is very possible.
3- any money we get in the present will just allow that much more to grow in the stock market for the next 10 years.
I am inclined to leave the pension alone for the next 10 years, but because of inflation, risk of any company jettisoning pensions via bankruptcy, and what the money could do in the market, I don't want to make this decision by just intuition. Does anyone know of any calculator or rule of thumb?