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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, like your 401(k) or IRA balance?
There’s no easy answer to that question. It depends on a few factors, like the amount of your benefit, when you file for benefits, and how long you live. A writer from the Washington Post recently attempted to estimate the value of Social Security benefits.
Starting college is supposed to be a milestone moment, not just for the student, but also the
parents. You pack up the car and make the drive to your child’s dorm. You may set up furniture,
meet their roommate and even take a tour of campus. Eventually, the move-in process ends,
and it’s time to leave your child on their own, ready to start the next chapter.