Tucson Social Security Disability Blog

The Monetary Value Of Your Social Security Retirement Benefits

Posted by John Kuhnlein | Nov 19, 2020 | 0 Comments

An article in the New York Times makes an interesting point: people don't appreciate their Social Security benefits as much as they should because they don't understand the true value of them. For most, Social Security is just another government program, subject to all the usual gripes about how Uncle Sam can't do anything right.

How Much Would It Cost To Buy Your Social Security Retirement Benefits?

But, this article demonstrates the actual cash value of those monthly retirement checks. Social Security retirement benefits are equivalent to an annuity, or an

Going Up!

agreement by a third-party to pay you a set amount of money each month.  Per the New York Times, if a 65-year old man wanted to buy an annuity that is equal to what Social Security will pay him for the rest of his life ($1,375), that would cost more than $450,000.  If that same man waited until age 70 to start his Social Security retirement benefits, an annuity paying $1,375 each month until he died would cost $1,000,000.00

You Are Rich!

These numbers give you a new perspective, right? Did you realize you own an asset worth between $450,000 and $1,000,000? I'm guessing the answer is no. 

How Does 8% Per Year With Zero Risk Sound?

Consider a companion argument about Social Security retirement benefits.  At present, US Treasury bonds are paying little more than one-half of a percent per

If You Wait, It Will Be Great

year. But, if you delay taking your Social Security retirement benefits from age 62 until age 70, you are getting an 8% return, each year.  And, you are getting that huge return without any risk at all; the payout is guaranteed by the full faith and credit of the United States of America.

Talk To Your Own Financial Advisor

Remember, I am not a financial advisor. Do not make any decisions based on what I say. Rather, talk to a money manager and then plan your retirement strategy.

About the Author

John Kuhnlein

Since 1992, I have been helping the people of Southern Arizona get the benefits they are due. Before devoting all my efforts to assisting people with Social Security disability claims, I also handled such complex lawsuits as medical malpractice and products liability. I brought to my Social Security cases all the skills and attention to detail that I developed in the courtroom. I approach each Social Security disability case as if it were a million-dollar lawsuit. For the people trying to get Social Security benefits, their claim is every bit as important. Because I have personally handled so many Social Security cases, I have refined the skills I need to win your case for you. I have helped people win cases for every kind of ailment from arthritis to valley fever. At present, I am focused on helping those persons with neurological and orthopedic disorders. Because claims for people over age fifty bring additional complications, I particularly seek out those cases to work on. I regularly write about back and spine conditions on my blog. I actively seek out the latest information about orthopedic and neurological disorders to ensure I can represent my clients as effectively as possible. Because of my current focus, I regret that I am not able to take any cases for mental disorders. If you are over age fifty and suffer from any orthopedic or neurological disorder, please contact me at once.

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John Kuhnlein has been assisting people with Social Security disability claims for the past 20 years.

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Feel free to call with any questions or concerns you have about Social Security disability. I never charge for a consultation. In fact, there is no charge at all until we win your case. Unlike most lawyers, I never charge extra for things like telephone calls or making copies.