Financial Planning Essentials: Social Security and Life Insurance
Today we are covering two different listener questions. James is asking about starting Social Security at 62. You might be amazed how many times I get that question in my office. And then Barry wants to talk through life insurance, seems to think he has a lot of it and wants to know whether he should cancel some of it. These are two core areas of planning so let’s talk through how they should come to a decision. Here’s some of what we discuss in this episode: We’ll take you through the process for how we determine Social Security claiming strategies. Why it might not be the best idea for this person to take Social Security at 62 to pay off their mortgage. The questions you want to answer before getting rid of a life insurance policy. The different insurance products that you might look into. Check out the life insurance calculator: https://www.bankrate.com/insurance/life-insurance/life-insurance-calculator/ For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.