by Jim Lee | Sep 1, 2020 | retirement planning, Social Security
How much is your Social Security benefit worth? Social Security can provide you with an estimate of your benefit at retirement, but that’s in terms of how much income you’ll receive each year. How much would that income be worth if it were valued as a lump sum asset,...
by Jim Lee | Apr 18, 2019 | Life Insurance, Retirement, retirement planning, Social Security
Remember hunting for Easter eggs as a child? There were few thrills more exciting than racing around the yard or a park to find as many eggs as possible. Your eggs may have contained candy, money or other prizes. As an adult, you may be too old to participate in a...
by Jim Lee | Aug 22, 2018 | Retirement, Social Security
When should you file for Social Security benefits? It’s a question that every retiree faces. You can file anytime from age 62 to 70. However, age 62 is by far the most popular age for filing. More than 34 percent of all recipients file as soon as they’re eligible.1 As...
by Jim Lee | Jan 6, 2016 | Social Security
Retirees generally look forward to January, when they almost always receive a cost of living adjustment (COLA) for their benefits. But for the third time in history, that won’t be happening this year. That’s because COLA is tied to the Consumer Price...
by Jim Lee | Dec 16, 2015 | Social Security
If you’re heard the recent news from the Social Security Administration, you might feel disappointed or even a bit worried. For the third time in history, the administration has announced that beneficiaries will not receive a cost of living adjustment (COLA) in 2016....
by Jim Lee | Nov 4, 2015 | Social Security
For many retired couples, the “file and suspend” strategy worked wonders with their Social Security benefits. Under the old rules, the higher-earning spouse could file for benefits at full retirement age, then suspend the payments until a later date. This allowed him...
