What is the best election, 100%, 75%, 50% joint and survivor annuity option to select when I retire.
I need to make an election of 50%, 75% or 100% joint and survivor annuity. I am married, 65 years old, my spouse is 64 years old. We are both in good health. For 100% I get 14.5% less than single life. For 75% 11.2% less and 50% 7.8% less. I'm sure I should at least do 50% but what advise would I get as to why I should do 100% or 75%?