New Member of WV State BAr
 Two very important reminders in a sea of chatter and ignorance:
1. Your insurance protection;
2. Your Social Security benefits.

These two tips can save you $50,000 in four years, and lifetime financial ruin.
I have posted before about the need of a person of any means, but especially someone who has accumulated some wealth to have a “Personal Umbrella” of $1,000,000 in coverage at least over and above your other policies.
AND, it is critical, with so many drivers having little if any personal injury liability coverage, that your UNINSURED COVERAGE and UNDERINSURED coverage be part of that umbrella. https://hunterlawfirm.net/buy-a-1000000-umbrella/.
Here’s an example. You are hit head on by someone with $20,000 per person and $40,000 per occurrence. You and your spouse are hospitalized for a month, and one of you needs major surgery. Your small business or professional practice is ready to go under, and that “disability plan” you bought isn’t going to be enough.
With the coverage I recommend, that guy that hit you now has $1,500,000.00 in liability coverage, and your business and financial future is preserved!
3. And, I am not an “Elder Law Lawyer”, but here is something we learned from personal experience. Let’s say that you and your spouse, as Nancy and I are, are planning to wait until age 70, so we get full retirement benefits. Only 2% of people do, but it means 30% more per year. Do the math.
4. So you wait, right? NO!!!!!!!!!!!!!!!!!!!!!
5. The one who earned more should apply immediately, and then suspend receipt of benefits. Why?
6. Because now your spouse can apply for over $1000/yr. dependent spouse benefits, and not lose a penny in her own benefits. That’s $15,000/yr. times four years or $60,000 that you would otherwise waive by waiting.
What you don’t know CAN hurt you. jbh

This post was written by Burton Hunter

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