Don't Take Social Security !!

[Yagents]

Seminar prospects.
Husband 62 next month, and wife 64.
Numerous health issues, her meds cost $500/mo, He needs back surgery.

They tell me income last year was 28k (but they have assets), and he just signed up for social security that begins next month for 20k a year.
They are Losing their current coverage 12/31.

If he takes social security, they would lose $3000/year in subsidies.
If he takes social security, price for $6300 100% plan would be $250 higher per month.
If he takes social security, they don't get a CSR plan.

Alternative, call social security and delay the start date.
Save $250/mo of his $1700 monthly social security check
Buy a $1100 then 100% CSR 87% plan.
Start social security in 3 years, and get a larger check for rest of his life.

needless to say, he was kind of glad he came to my seminar.

2 hour seminar, 1 hour phone conversation, and I saved or made them tens of thousands of dollars over the coming years.

But, there is no value in an agent..................

 

[hamben]

Isn't that the same plan the navigators and social security recomended?

 

[houcoogster]

And to think Rick called you a glorified navigator..........

I had a case last week. Mom wanted coverage for her son. He had an sep for 12-1 effective. Had I wrote her son she would have forfeited a $3900 deduction on her taxes in 2014 to gain a one month $100 subsidy for her son. Yeah who needs agents we're useless as teats on a boar hog. Navigators Rule!!!