The word I would use is ‘safety.’ We are truly blessed that Mr. RightField has a good, old-fashioned pension. If the backer of that pension goes belly-up, we’ll have more than that to worry about anyway, I guess. We are debt-free and have a couple of debt-free rentals. If the worst scenario happens and Dem is elected this fall, we will take the tax hit on the IRA and get our cash out. I fear a Dem administration will orchestrate some takeover of the retirement funds out there. The Dems surely want to get their hands on that cash.
“We are debt-free and have a couple of debt-free rentals.”
Right there is your peace of mind...even if the pension goes belly up.
Smart planning.