By Reg Jones
Q. My wife and I are both federal employees nearing retirement. What are the pros and cons of deciding not to have a spousal annuity for either one of us since we will have our own benefits, including our own Thrift Savings Plans and Social Security?
A. It’s simply a question of whether you want or need the additional income on the death of a spouse and if it’s worth the cost of having your annuities reduced to pay for it.