For unbiased advice, check out EvaluateLifeInsurance.org, run by James Hunt, the Consumer Federation of America's life-insurance actuary, and GlennDaily.com, which links to several fee-only insurance consultants.
To save that much, you'll need an accountant, an actuary, a custom-designed plan and a big income.
Xavier Conort is a French-born actuary who runs a consultancy in Singapore.
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The Social Security actuary had said that -- has said, and has said this to reassure those senators who might be concerned about the trust fund, that it has no impact on the trust fund.
Yet, the Chief Actuary of Medicare reports that already today two-thirds of hospitals lose money on Medicare patients.
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Its chief actuary, Bob Yee, claimed in his e-mail that the Department of Health and Human Services (HHS) was set to shutter the entire CLASS office.
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The Ryan-Sununu plan has been scored by the chief actuary of Social Security.
In the longer term most of these new taxpayers would eventually receive benefits, but the actuary said he still expects the bill to improve the long-term health of Social Security.
This is the same criterion used by the actuary of Social Security to compute the ultimate measure of the long-term financial condition of Social Security and used by private lenders in determining whether the purpose to which a prospective loan is put will increase the present value of a company's future cash flows by more than the amount of the loan.
But an outside actuary as well as HHS staffers who spent months analyzing CLASS came up with a half-dozen different insurance models they felt could have been sustainable.
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"If I were a plan participant and I was planning to take a lump sum, I would pick up the phone and call H-R and ask about the plan funding status, " says Andrew Wozniak, an actuary at BNY Mellon Asset Management, which manages investments for dozens of large company pension plans.
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