Choosing Dr.Taylor's Retirement Plan Option

Authors

  • Sanjay Gupta Valdosta State University
  • W.Kent Moore Valdosta State University

Keywords:

retiring, ideal plan, retirement plan

Abstract

Dr. Larry Taylor has taught for more than 30 years at Southeast State University. He is contemplating retiring within a year and has begun evaluating the various retirement plan options available to determine the ideal plan for him and his wife, Amanda.

A primary objective for the Taylors in selecting a retirement plan option is the desire that the spouse who lives longer would be able to maintain the same standard of living. For many weeks, Larry has grappled with several variables affecting the retirement choice including the impact on health care costs, the effect of taxes, expected social security benefits, and the uncertainty of not knowing which spouse would outlive the other.

The university's retirement system requires that a decision be made no later than 30 days prior to retirement and the deadline is approaching. The importance of the retirement plan choice makes it critical that the Taylors consider all relevant variables carefully in order-to make a well-informed and wise decision. Which plan is best for them?

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Published

2010-09-01

Issue

Vol. 7 No. 1 (2010)

Section

Cases

License

Copyright (c) 2010 Southeast Case Research Journal

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