<p>Back to my annuity calculator, for joint lifetime $3,000 monthly payment with 2% annual increase, the present value comes out about $900K. Max SS tax is about 14K that happens to be my first mortgage payment 30 years ago. We moved since then. We could have stayed and paid off the mortgage and sell the house. Can I sell the house for 900K or more beating SS? Easy enough to look it up. The house isn’t for sale but a similar house in the neighborhood is listed for less. It is not in a depressed market. </p>
<p>I don’t really understand why it is an issue that you can’t leave SS to your kids as you can with other holdings. You have to spend money to live. You could spend SS first and save other holdings, can’t you? Or do you know of a way to live on nothing?</p>