Date post: | 30-Oct-2014 |
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Provided by:
Alexander L Stanchfield
Email: [email protected]
Disclaimer
This tool demonstrates options for receiving your Social Security benefits. The results shown arehypothetical based on the information you provided and are not a guarantee of future benefit values orinvestment results. Contact your financial professional or the Social Security Administration for moreinformation.
Social Security Explorer helps you become better informed prior to filing for your Social Security retirementbenefits. It is not intended to provide an exact analysis, but it will help you determine the strategy and ageyou want to start your benefits. You will be able to explore different starting age combinations as well asdifferent strategies that may be available. There are over 2,000 rules that may be applied. Although you mayfile for your retirement benefits on-line, some of the strategies illustrated in this report may require you to filein person.
Social Security Explorer assumes that you stop work when you start your benefits. In some cases, yourbenefits will be reduced if you continue to work; however, any amounts withheld are repaid after you reachfull retirement age. The cumulative benefits will be unchanged.
Your Social Security Administration office is an excellent source of any specific questions about yourbenefits. Their website can be extremely helpful. Social Security Explorer helps you frame your thoughtsbefore filing. It shows strategies and age combinations that you might not have considered. It eliminatesguessing or rules-of-thumb by calculating all possible combinations and illustrating the largest benefit.
Patent Pending. Copyright © 2012-2013 Impact Technologies Group, Inc. All Rights Reserved.
https://www.planfacts.com/AlexanderStanchfield/SSE
1 of 9 6/25/13 12:54 PM
Scenario 1
70
66
$1,819,454
You Spouse
Age 63 61
Monthly benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital status Married
Ages for Maximum Benefits
You start benefits at age
Spouse starts benefits at age
Cumulative Lifetime Benefits:
How to File
You Suspend, Spouse Files Restricted
At your age 66 (Full Retirement Age), you file foryour Social Security benefits and immediatelysuspend paymentsAt your age 70, you start your own Social Securitybenefits with delayed creditsAt your spouse's age 66, your spouse files arestricted application for spousal benefitsAt your spouse's age 70, your spouse files for his orher Social Security with delayed credits
Best Strategy by Age - Optimal Ages
Colors represent best strategy for an age combination
Monthly Benefits by YearAssumes annual Cost of Living adjustments
70
69
68
67
66
65
64
63
62
62 63 64 65 66 67 68 69 70Your Benefit Start Age
6563
7068
7573
8078
8583
9088
Your AgeSpouse's Age
$9,000
6,750
4,500
2,250
Spo
use'
s Ben
efit
Sta
rt A
ge
https://www.planfacts.com/AlexanderStanchfield/SSE
2 of 9 6/25/13 12:54 PM
Scenario 1You Suspend, Spouse Files Restricted
You Spouse
Age 63 61
Social Security start age 70 66
Monthly Benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital Status Married
AgesYour
BenefitSpouse's
Benefit Total
CumulativeValue
of Benefits
63/61 0 0 0 0
64/62 0 0 0 0
65/63 0 0 0 0
66/64 0 0 0 0
67/65 0 0 0 0
68/66 0 15,240 15,240 15,240
69/67 0 15,621 15,621 30,861
70/68 42,271 16,012 58,283 89,144
71/69 43,327 16,412 59,739 148,883
72/70 44,411 35,410 79,821 228,704
73/71 45,521 36,295 81,816 310,520
74/72 46,659 37,202 83,861 394,381
75/73 47,825 38,132 85,957 480,338
76/74 49,021 39,086 88,107 568,445
77/75 50,246 40,063 90,309 658,754
78/76 51,503 41,064 92,567 751,321
79/77 52,790 42,091 94,881 846,202
80/78 54,110 43,143 97,253 943,455
81/79 55,463 44,222 99,685 1,043,140
82/80 56,849 45,327 102,176 1,145,316
83/81 58,271 46,461 104,732 1,250,048
84/82 59,727 47,622 107,349 1,357,397
85/83 0 61,220 61,220 1,418,617
86/84 0 62,751 62,751 1,481,368
87/85 0 64,320 64,320 1,545,688
88/86 0 65,928 65,928 1,611,616
89/87 0 67,576 67,576 1,679,192
90/88 0 69,265 69,265 1,748,457
91/89 0 70,997 70,997 1,819,454
https://www.planfacts.com/AlexanderStanchfield/SSE
3 of 9 6/25/13 12:54 PM
Scenario 2
63
62
$1,350,955
You Spouse
Age 63 61
Monthly benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital status Married
Summary at Selected Ages
You start benefits at age
Spouse starts benefits at age
Cumulative Lifetime Benefits:
How to File
File for Benefits
At your age 63, you file for your Social SecuritybenefitsAt your spouse's age 62, your spouse files for his orher Social Security benefits
Best Strategy by Age - Selected Ages
Colors represent best strategy for an age combination
Monthly Benefits by YearAssumes annual Cost of Living adjustments
70
69
68
67
66
65
64
63
62
62 63 64 65 66 67 68 69 70Your Benefit Start Age
6563
7068
7573
8078
8583
9088
Your AgeSpouse's Age
$5,300
3,975
2,650
1,325
Spo
use'
s Ben
efit
Sta
rt A
ge
https://www.planfacts.com/AlexanderStanchfield/SSE
4 of 9 6/25/13 12:54 PM
Scenario 2File for Benefits
You Spouse
Age 63 61
Social Security start age 63 62
Monthly Benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital Status Married
AgesYour
BenefitSpouse's
Benefit Total
CumulativeValue
of Benefits
63/61 21,552 0 21,552 21,552
64/62 22,091 16,513 38,604 60,156
65/63 22,643 16,926 39,569 99,725
66/64 23,209 17,349 40,558 140,283
67/65 23,789 17,782 41,571 181,854
68/66 24,384 18,227 42,611 224,465
69/67 24,994 18,683 43,677 268,142
70/68 25,619 19,150 44,769 312,911
71/69 26,259 19,628 45,887 358,798
72/70 26,915 20,119 47,034 405,832
73/71 27,588 20,622 48,210 454,042
74/72 28,278 21,138 49,416 503,458
75/73 28,985 21,666 50,651 554,109
76/74 29,710 22,208 51,918 606,027
77/75 30,452 22,763 53,215 659,242
78/76 31,214 23,332 54,546 713,788
79/77 31,994 23,915 55,909 769,697
80/78 32,794 24,513 57,307 827,004
81/79 33,614 25,126 58,740 885,744
82/80 34,454 25,754 60,208 945,952
83/81 35,315 26,398 61,713 1,007,665
84/82 36,198 27,058 63,256 1,070,921
85/83 0 37,103 37,103 1,108,024
86/84 0 38,031 38,031 1,146,055
87/85 0 38,982 38,982 1,185,037
88/86 0 39,956 39,956 1,224,993
89/87 0 40,955 40,955 1,265,948
90/88 0 41,979 41,979 1,307,927
91/89 0 43,028 43,028 1,350,955
https://www.planfacts.com/AlexanderStanchfield/SSE
5 of 9 6/25/13 12:54 PM
Scenario 3
68
66
$1,751,723
You Spouse
Age 63 61
Monthly benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital status Married
Summary at Selected Ages
You start benefits at age
Spouse starts benefits at age
Cumulative Lifetime Benefits:
How to File
You File Restricted, Spouse Files
At your age 68, you file a restricted application forspousal benefitsAt your age 70, you file for your own Social Securitybenefits with delayed creditsAt your spouse's age 66, your spouse files for his orher Social Security benefits
Best Strategy by Age - Selected Ages
Colors represent best strategy for an age combination
Monthly Benefits by YearAssumes annual Cost of Living adjustments
70
69
68
67
66
65
64
63
62
62 63 64 65 66 67 68 69 70Your Benefit Start Age
6563
7068
7573
8078
8583
9088
Your AgeSpouse's Age
$8,000
6,000
4,000
2,000
Spo
use'
s Ben
efit
Sta
rt A
ge
https://www.planfacts.com/AlexanderStanchfield/SSE
6 of 9 6/25/13 12:54 PM
Scenario 3You File Restricted, Spouse Files
You Spouse
Age 63 61
Social Security start age 68 66
Monthly Benefit at Full Retirement Age $2,245 $1,790
Assume live to 85 90
Investment rate 0%
Cost of living adjustment 2.5%
Marital Status Married
AgesYour
BenefitSpouse's
Benefit Total
CumulativeValue
of Benefits
63/61 0 0 0 0
64/62 0 0 0 0
65/63 0 0 0 0
66/64 0 0 0 0
67/65 0 0 0 0
68/66 12,151 24,303 36,454 36,454
69/67 12,455 24,910 37,365 73,819
70/68 42,271 25,533 67,804 141,623
71/69 43,327 26,171 69,498 211,121
72/70 44,411 26,826 71,237 282,358
73/71 45,521 27,496 73,017 355,375
74/72 46,659 28,184 74,843 430,218
75/73 47,825 28,888 76,713 506,931
76/74 49,021 29,610 78,631 585,562
77/75 50,246 30,351 80,597 666,159
78/76 51,503 31,109 82,612 748,771
79/77 52,790 31,887 84,677 833,448
80/78 54,110 32,684 86,794 920,242
81/79 55,463 33,501 88,964 1,009,206
82/80 56,849 34,339 91,188 1,100,394
83/81 58,271 35,197 93,468 1,193,862
84/82 59,727 36,077 95,804 1,289,666
85/83 0 61,220 61,220 1,350,886
86/84 0 62,751 62,751 1,413,637
87/85 0 64,320 64,320 1,477,957
88/86 0 65,928 65,928 1,543,885
89/87 0 67,576 67,576 1,611,461
90/88 0 69,265 69,265 1,680,726
91/89 0 70,997 70,997 1,751,723
https://www.planfacts.com/AlexanderStanchfield/SSE
7 of 9 6/25/13 12:54 PM
Definitions and Important Information
Marital Status
Married: Currently married under federal definition of marriage. Applicable spousal benefits andsurvivor benefits have been included.
Widowed: Currently not married under federal definition of marriage. Survivor benefits have beenconsidered throughout the tool.
Divorced: If you were married for at least 10 years before divorce. You may receive spousal benefitsbased on an ex-spouse's benefit. It does not have to be the most recent ex-spouse, but yourmarriage must have lasted ten years. Claiming this benefit will in no way affect your ex-spouse’sbenefits.
Single: Currently not married under federal definition of marriage (or were married for less than 10years before divorce). Benefits will only consider your earning record.
Monthly benefit at Full Retirement Age from your Social Security Statement
The monthly value on the printed Social Security statement or from the on-line statement is themonthly value shown in today's dollars. Social Security Explorer has automatically applied thecost-of-living adjustment for you.
Government Pension Offset (GPO)
This provision affects only individuals who have earned a pension from work not covered by SocialSecurity (usually government employees). Two-thirds of the monthly "Non-Covered Pension amount"may reduce any spousal benefits you are otherwise entitled. It does not reduce any benefits basedon your work record covered by Social Security.
Windfall Elimination Provision (WEP)
Individuals who are entitled to a monthly pension from work not covered by Social Security and alsoqualify for Social Security benefits may have their Social Security benefits reduced. The years andearnings covered by Social Security determine the reduction, if any. The Social SecurityAdministration has a calculator on the website to help you determine your monthly retirement benefitafter any reduction. Since each year worked up to starting retirement may affect benefits, the SocialSecurity Administration does not include this reduction in your annual statement. It is calculatedwhen you file for benefits. "Your monthly retirement benefit" shows the adjusted benefit used in thecalculations. For 2013, this reduction is limited to the lesser of $395.50 or half of your non-coveredmonthly pension.
Investment rate
An investment rate of return of 0% should be used if the plans are to use Social Security benefits forincome needs.
When an investment rate is not used, "Cumulative Lifetime Benefits" are shown; when an investmentrate is shown, "Future Value of Benefits" reflects the growth of benefits received.
If there is not an inherent need for Social Security benefits to provide income, an assumed rate ofreturn other than 0% can be used to calculate investing the benefits instead of spending the benefit.
Please note that in order to provide a recommendation about the investment rate of a securitiesproduct, the financial professional must hold the proper securities registration and be currentlyaffiliated with a broker/dealer or registered as an investment advisor.
Cost of Living Adjustment
Social Security Administration determines if a cost-of-living adjustment is made, and if so, howmuch. Typically, benefits have increased by 2.5% to 3.0% in the past. Using 0% will show basic
https://www.planfacts.com/AlexanderStanchfield/SSE
8 of 9 6/25/13 12:54 PM
benefits without any adjustments for inflation. More information can be found atwww.socialsecurity.gov/cola.
Modified Adjusted Gross Income
Modified adjusted gross income (MAGI) is generally defined as all of your taxable income, pluscertain net foreign income, minus allowed deductions. MAGI may include income such as taxablepensions, wages, interest, dividends, and other taxable income plus tax-exempt interest income(such as interest on municipal bonds) and any exclusion from income, such as interest from USsavings bonds. See Internal Revenue Code 86b(2) or Internal Revenue Service Publication 915 formore information.
Available Reports
Best Strategy by Age shows the strategy with the highest cumulative lifetime benefits value,with an option to show future value at a selected investment rate.Strategies to Maximize Benefits shows all possible calculations and age combinations forthe strategy selected.Basic Benefit Calculation indicates values for basic benefits, without any special filings.Calculations show annual benefits for you and your spouse (if any), the total, and thecumulative total for each year.Comparison: Early vs. Late displays the differences between early benefits at age 62,benefits at full retirement age (FRA), and benefits at delayed or late benefits at age 70.Taxation of Social Security Benefits will show how, if you have other income, a portion ofSocial Security benefits may be subject to income taxes. If you have income above certainthresholds, you may pay a federal income tax on 50% or up to 85% of your Social Securitybenefits.Optional Strategies demonstrates a selected strategy for given starting age(s), lives toage(s), optional investment rate and cost of living assumptions.
This tool and support materials are designed to provide general information on the subjects covered.Pursuant to IRS Circular 230, it is not however, intended to provide specific legal or tax advice andcannot be used to avoid tax penalties or to promote, market, or recommend any tax plan orarrangement. You are encouraged to consult your tax advisor or attorney.
The results represented in this tool are provided by Impact Technologies Group, Inc., and aredeemed reliable but are not guaranteed. Impact Technologies Group, Inc. shall have neither liabilitynor responsibility to any person or entity with respect to any loss or damage caused, or alleged to becaused, directly or indirectly, by information contained in this report. Always consult with your taxadvisor concerning your own situation.
Please note that in order for your financial professional to provide a recommendation about thetransfer of funds from an investment product to a fixed insurance product or annuity, your financialprofessional must hold the proper securities registration and be currently affiliated with abroker/dealer or registered investment advisor. If you are unsure whether or not the information youare receiving represents general guidance or a specific recommendation to liquidate a security,please contact the individual state securities department in the states in which your financialprofessional conducts business.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company.Variable annuity guarantees do not apply to the performance of the variable subaccounts, which willfluctuate with market conditions.
https://www.planfacts.com/AlexanderStanchfield/SSE
9 of 9 6/25/13 12:54 PM
*All$calculations$based$on$assumptions$and$NOT$GUARANTEED,$consult$an$accountant$prior$to$deciding$on$final$strategy.$$$$$$©2013$E$Social$Security$Rescue$E$Not$affilated$with$US$Government$or$Social$Security$Administration$$$$$$
Prepared By: 6/15/2013
Income Stream Ending Year: 29
Spouse Name: Susan S.Spouse Age: 61
Desired Retirement Age(s): 68/66
Estimated Benefits:
Recommended Strategy
Income Stream Amount:
Income Stream Starting Year: 6
Income Increase Per Year: 2.5%
YOUR PERSONALIZED SSI ANALYSISYour Name: David S.
Your Age: 63Your FRA Benefit: $2,245
You Live Until Age: 85
Case Study Date Prepared:
You File Restricted, Spouse Files
$1,751,723
$23,500
Spouse FRA Benefit: $1,790Spouse Lives Until Age: 90
Investment Rate: 0.0%Inflation/COLA %: 2.5%
Desired Monthly Income: $6,500Immediate Benefits: $1,350,955
*All$calculations$based$on$assumptions$and$NOT$GUARANTEED,$consult$an$accountant$prior$to$deciding$on$final$strategy.$$$$$$©2013$E$Social$Security$Rescue$E$Not$affilated$with$US$Government$or$Social$Security$Administration$$$$$$
Prepared By: 6/15/2013
29.7%
ONE SPOUSE SUSPENDS - ONE SPOUSE FILES RESTRICTEDOne spouse files for benefits at FRA but does not collect benefits. The other spouse becomes eligible to file a restricted application to receive spousal benefits until age 70. At age 70, the spouse begins taking their own benefits, potentially increasing the total amount of benefits. The amount of additional benefit received will depend on life expectancy and the Cost of Living Adjustment (COLA).
YOU FILE RESTRICTED OR SPOUSE FILES RESTRICTEDOne spouse files a restricted application at Full Retirement Age (FRA). This provides benefits based on the other spouse's benefit amount. The first spouse begins receiving their own benefits (sometime before age 70), receiving increased payments for starting benefits after FRA. The other spouse must already be taking benefits to file a restricted application.
Prepared for:
David S.Susan S.
Based on the information providedYOUR RECOMMENDED STRATEGY IS...You$File$Restricted,$Spouse$FilesThe recommended strategy will provide an estimated
$400,768
Case Study Date Prepared:
LEARN MORE ABOUT FILING STRATEGIES FOR MARRIED COUPLES
YOU FILE & SUSPEND OR SPOUSE FILES & SUSPENDSOne spouse files for benefits at Full Retirement Age (FRA) and suspends benefit payments. The remaining spouse files for benefits and is eligible to receive 50% spousal benefit if the amount is higher than his or her own benefit. At age 70, suspension ends and the first spouse collects their benefits. Increases for delaying benefits are received by the first spouse.
More Lifetime Benefits vs. Starting Now Increase in Benefits
BEFORE$INCOME$PLANNING$
=$Social$Security$Income$ =$EsBmated$Income$Gap$
Numbers(diplayed(above(provide(an(es2mate(based(on(assumed(level(infla2on(and(COLA(adjustment(provided(during(ini2al(report.(
What%is%Your%Es-mated%Income%Gap?%
$0$
$20,000$
$40,000$
$60,000$
$80,000$
$100,000$
$120,000$
$140,000$
$160,000$
63/61(
64/62(
65/63(
66/64(
67/65(
68/66(
69/67(
70/68(
71/69(
72/70(
73/71(
74/72(
75/73(
76/74(
77/75(
78/76(
79/77(
80/78(
81/79(
82/80(
83/81(
84/82(
85/83(
86/84(
87/85(
88/86(
89/87(
90/88(
91/89( G( G( G( G( G( G(
*All$calculations$based$on$assumptions$and$NOT$GUARANTEED,$consult$an$accountant$prior$to$deciding$on$final$strategy.$$$$$$©2013$E$Social$Security$Rescue$E$Not$affilated$with$US$Government$or$Social$Security$Administration$$$$$$
6/15/2013
YEAR1 63/61 $0 $0 $0 $0 $78,000 $78,000 100.0%2 64/62 $0 $0 $0 $0 $79,950 $79,950 100.0%3 65/63 $0 $0 $0 $0 $81,949 $81,949 100.0%4 66/64 $0 $0 $0 $0 $83,997 $83,997 100.0%5 67/65 $0 $0 $0 $0 $86,097 $86,097 100.0%6 68/66 $12,151 $24,303 $36,454 $36,454 $88,250 $51,796 58.7%7 69/67 $12,455 $24,910 $37,365 $73,819 $90,456 $53,091 58.7%8 70/68 $42,271 $25,533 $67,804 $141,623 $92,717 $24,913 26.9%9 71/69 $43,327 $26,171 $69,498 $211,121 $95,035 $25,537 26.9%10 72/70 $44,411 $26,826 $71,237 $282,358 $97,411 $26,174 26.9%11 73/71 $45,521 $27,496 $73,017 $355,375 $99,847 $26,830 26.9%12 74/72 $46,659 $28,184 $74,843 $430,218 $102,343 $27,500 26.9%13 75/73 $47,825 $28,888 $76,713 $506,931 $104,901 $28,188 26.9%14 76/74 $49,021 $29,610 $78,631 $585,562 $107,524 $28,893 26.9%15 77/75 $50,246 $30,351 $80,597 $666,159 $110,212 $29,615 26.9%16 78/76 $51,503 $31,109 $82,612 $748,771 $112,967 $30,355 26.9%17 79/77 $52,790 $31,887 $84,677 $833,448 $115,791 $31,114 26.9%18 80/78 $54,110 $32,684 $86,794 $920,242 $118,686 $31,892 26.9%19 81/79 $55,463 $33,501 $88,964 $1,009,206 $121,653 $32,689 26.9%20 82/80 $56,849 $34,339 $91,188 $1,100,394 $124,695 $33,507 26.9%21 83/81 $58,271 $35,197 $93,468 $1,193,862 $127,812 $34,344 26.9%22 84/82 $59,727 $36,077 $95,804 $1,289,666 $131,007 $35,203 26.9%23 85/83 $0 $61,220 $61,220 $1,350,886 $134,283 $73,063 54.4%24 86/84 $0 $62,751 $62,751 $1,413,637 $137,640 $74,889 54.4%25 87/85 $0 $64,320 $64,320 $1,477,957 $141,081 $76,761 54.4%26 88/86 $0 $65,928 $65,928 $1,543,885 $144,608 $78,680 54.4%27 89/87 $0 $67,576 $67,576 $1,611,461 $148,223 $80,647 54.4%28 90/88 $0 $69,265 $69,265 $1,680,726 $151,928 $82,663 54.4%29 91/89 $0 $70,997 $70,997 $1,751,723 $155,727 $84,730 54.4%30 Q $0 $0 $0 $0 $0 $0 0.0%31 Q $0 $0 $0 $0 $0 $0 0.0%32 Q $0 $0 $0 $0 $0 $0 0.0%33 Q $0 $0 $0 $0 $0 $0 0.0%34 Q $0 $0 $0 $0 $0 $0 0.0%35 Q $0 $0 $0 $0 $0 $0 0.0%
INCOME SUMMARY: Before Planning
Prepared Exclusively For: David S.
Date Prepared: Prepared By:
Susan S.
Case Study
Income$$$$$$$Gap$%
Income$$$$$$$Gap$$
Spouse's$Benefit
Your$$$$$$$$$Ages
Your$Benefit
Annual$Total
Lifetime$Total
Desired$Income
*All$calculations$based$on$assumptions$and$NOT$GUARANTEED,$consult$an$accountant$prior$to$deciding$on$final$strategy.$$$$$$©2013$E$Social$Security$Rescue$E$Not$affilated$with$US$Government$or$Social$Security$Administration$$$$$$
Prepared By: 6/15/2013
YOU FILE RESTRICTED OR SPOUSE FILES RESTRICTEDOne spouse files a restricted application at Full Retirement Age (FRA). This provides benefits based on the other spouse's benefit amount. The first spouse begins receiving their own benefits (sometime before age 70), receiving increased payments for starting benefits after FRA. The other spouse must already be taking benefits to file a restricted application.
Case Study Date Prepared:
Prepared for:
ONE SPOUSE SUSPENDS - ONE SPOUSE FILES RESTRICTEDOne spouse files for benefits at FRA but does not collect benefits. The other spouse becomes eligible to file a restricted application to receive spousal benefits until age 70. At age 70, the spouse begins taking their own benefits, potentially increasing the total amount of benefits. The amount of additional benefit received will depend on life expectancy and the Cost of Living Adjustment (COLA).
YOU FILE & SUSPEND OR SPOUSE FILES & SUSPENDS
Based on the information providedYOUR RECOMMENDED STRATEGY IS...You$File$Restricted,$Spouse$FilesThe recommended strategy will provide an estimated
$400,768 29.7%
David S.Susan S.
One spouse files for benefits at Full Retirement Age (FRA) and suspends benefit payments. The remaining spouse files for benefits and is eligible to receive 50% spousal benefit if the amount is higher than his or her own benefit. At age 70, suspension ends and the first spouse collects their benefits. Increases for delaying benefits are received by the first spouse.
More Lifetime Benefits vs. Starting Now Increase in Benefits
LEARN MORE ABOUT FILING STRATEGIES FOR MARRIED COUPLES
=$SSI$+$AddiBonal$Income$ =$EsBmated$Income$Gap$
Numbers(diplayed(above(provide(an(es2mate(based(on(assumed(level(infla2on(and(COLA(adjustment(provided(during(ini2al(report.(
AFTER$INCOME$PLANNING$What%is%Your%Es-mated%Income%Gap?%
$0$
$20,000$
$40,000$
$60,000$
$80,000$
$100,000$
$120,000$
$140,000$
$160,000$
63/61(
64/62(
65/63(
66/64(
67/65(
68/66(
69/67(
70/68(
71/69(
72/70(
73/71(
74/72(
75/73(
76/74(
77/75(
78/76(
79/77(
80/78(
81/79(
82/80(
83/81(
84/82(
85/83(
86/84(
87/85(
88/86(
89/87(
90/88(
91/89( G( G( G( G( G( G(
*All$calculations$based$on$assumptions$and$NOT$GUARANTEED,$consult$an$accountant$prior$to$deciding$on$final$strategy.$$$$$$©2013$E$Social$Security$Rescue$E$Not$affilated$with$US$Government$or$Social$Security$Administration$$$$$$
6/15/2013
YEAR1 63/61 $0 $0 $0 $78,000 $0 $0 $78,0002 64/62 $0 $0 $0 $79,950 $0 $0 $79,9503 65/63 $0 $0 $0 $81,949 $0 $0 $81,9494 66/64 $0 $0 $0 $83,997 $0 $0 $83,9975 67/65 $0 $0 $0 $86,097 $0 $0 $86,0976 68/66 $12,151 $24,303 $36,454 $88,250 $59,954 $23,500 $28,2967 69/67 $12,455 $24,910 $37,365 $90,456 $61,453 $24,088 $29,0048 70/68 $42,271 $25,533 $67,804 $92,717 $92,494 $24,690 $2249 71/69 $43,327 $26,171 $69,498 $95,035 $94,805 $25,307 $23010 72/70 $44,411 $26,826 $71,237 $97,411 $97,177 $25,940 $23511 73/71 $45,521 $27,496 $73,017 $99,847 $99,605 $26,588 $24212 74/72 $46,659 $28,184 $74,843 $102,343 $102,096 $27,253 $24713 75/73 $47,825 $28,888 $76,713 $104,901 $104,647 $27,934 $25414 76/74 $49,021 $29,610 $78,631 $107,524 $107,263 $28,632 $26015 77/75 $50,246 $30,351 $80,597 $110,212 $109,945 $29,348 $26716 78/76 $51,503 $31,109 $82,612 $112,967 $112,694 $30,082 $27317 79/77 $52,790 $31,887 $84,677 $115,791 $115,511 $30,834 $28018 80/78 $54,110 $32,684 $86,794 $118,686 $118,399 $31,605 $28719 81/79 $55,463 $33,501 $88,964 $121,653 $121,359 $32,395 $29420 82/80 $56,849 $34,339 $91,188 $124,695 $124,393 $33,205 $30221 83/81 $58,271 $35,197 $93,468 $127,812 $127,503 $34,035 $30922 84/82 $59,727 $36,077 $95,804 $131,007 $130,690 $34,886 $31823 85/83 $0 $61,220 $61,220 $134,283 $96,978 $35,758 $37,30524 86/84 $0 $62,751 $62,751 $137,640 $99,403 $36,652 $38,23725 87/85 $0 $64,320 $64,320 $141,081 $101,888 $37,568 $39,19226 88/86 $0 $65,928 $65,928 $144,608 $104,435 $38,507 $40,17227 89/87 $0 $67,576 $67,576 $148,223 $107,046 $39,470 $41,17728 90/88 $0 $69,265 $69,265 $151,928 $109,722 $40,457 $42,20629 91/89 $0 $70,997 $70,997 $155,727 $112,465 $41,468 $43,26130 Q $0 $0 $0 $0 $0 $0 $031 Q $0 $0 $0 $0 $0 $0 $032 Q $0 $0 $0 $0 $0 $0 $033 Q $0 $0 $0 $0 $0 $0 $034 Q $0 $0 $0 $0 $0 $0 $035 Q $0 $0 $0 $0 $0 $0 $0
Your$$$$$$$$$Ages
Your$Benefit
Spouse's$Benefit
Annual$Total
Desired$Income
Prepared Exclusively For: David S.Susan S.
Date Prepared: Prepared By: Case Study
INCOME SUMMARY: After Planning
Total$Income
Additional$Income
Income$$$Gap$$