How Can You Maximize YourSocial Security Retirement Benefit?

AN OVERVIEW TO HELP YOU MAXIMIZE YOUR LIFETIME SOCIAL SECURITY INCOME

Virtually Every American is Covered by OSI,“Old Age and Survivors Insurance”

The Federal Insurance Contributions Act of 1935“FICA”

Insurance?How is Social Security, “Insurance?”

On January 31, 1940, Ida May Fuller received the very first Social Security retirement check for $22.54.

Ida May Fuller

She collected benefits from age 65 to age 100. She is an example of why people need “Old Age Insurance.”

Ida May Fuller

“The first person who will live to see their 150th birthday has already been born.”-- Dr. Aubrey De GrayChief Scientific Officer, SENS

Longevity Magnifies All Other Retirement Risks

• Inflation• Market Downturns• Low Interest Rates

• Income Taxes• Long Term Care• Outliving Your Money

Public and private insurance can help you build a safe foundation to

eliminate longevity risk

Fred and Wanda WorkerBoth Age 60

Excellent HealthOut of Debt

$500,000 in 401(k) / $50,000 CDs

CONSIDER THIS STORY OF

We Start With Their

Social Security

Statements

ssa.gov/myaccount

Wanda Worker’s StatementFull Retirement Age, or “FRA”

Age 66 Benefit = $1,619

ssa.gov/myaccount

Wanda Worker’s StatementAge 70

Benefit = $2,023

ssa.gov/myaccount

Wanda Worker’s Statement Age 62

Benefit = $1,113

ssa.gov/myaccount

Fred’s Monthly Social Security Benefits Age 62 = $1,875Age 66 = $2,500Age 70 = $3,334

Wanda: $1,113 per monthFred: $1,875 per month

$35,856 Annual Income

LIKE NEARLY HALF OF ALL RETIREES*, FRED AND WANDA WERE INCLINED TO START

SOCIAL SECURITY AT AGE 62

* 2013 Urban Institute analysis of U.S. Census Bureau

• $60,000 Income Needed• $36,000 Social Security Income• $24,000 Income From 401(k) (Only Need A 5% Return Each Year)

THEIR THOUGHT PROCESS

“If you've only got one shot, you've got to make it count.

You can't afford to miss because you screwed up the planning.”

-- Lee Child, The Killing Floor

• Social Security Increased Benefits• Effects of Inflation• Longevity Risk• Market Risk• Income Taxes

THEY OVERLOOKED

Why poor planning could have caused them to run out of money in about 27

years

SOCIAL SECURITY BENEFIT ANALYSIS

$315,000

Difference

By collecting a reduced Social Security benefit

instead of maximizing it . . .

THREE WAYS THEY WOULD LOSE MONEY

SOCIAL SECURITY BENEFIT ANALYSIS

$28,428 Differenc

e

1- They Would Lose Annual Income

$35,856 Instead

of$64,284

SOCIAL SECURITY BENEFIT ANALYSIS

$60,000 Differenc

e

2 – They Would Lose the Spousal Benefit

$0 Instead

of$15,000

for 4 years

SOCIAL SECURITY BENEFIT ANALYSIS

$17,508 Annual

Difference

3 – They Would Reduce Survivor Income

$22,500 Instead

of$40,008

SOCIAL SECURITY BENEFIT ANALYSIS

You Just Saw an Overview of the “File and Suspend” Strategy

discovered they should work three more years then live on

their 401(k) assets to maximize their Social Security.

However . . .

FRED AND WANDA

EVERY SITUATION IS DIFFERENT

STARTING AT AGE 62 IS BEST IN THIS SITUATION

HERE THE HUSBAND SHOULD START AT AGE 70 AND THE WIFE AT AGE 62

STARTING AT AGE 66 IS BEST IN THIS SITUATION

Get Your Own Social Security Maximization and Retirement Analysis to Discover the Strategy that Works Best for

You

WE WILL HELP YOU

Get Your Social Security StatementWE WILL HELP YOU

Explain Key Social Security Terms

Full Retirement Age “FRA” “File and Suspend” Strategy Spousal Benefits Survivor Benefits Early Retirement Benefit Reduction

WE WILL HELP YOU

Answer Key Questions When Should I Begin Social Security

Income? Can I Get Spousal Benefits From My “Ex?” When Should I Stop Working? Are My Retirement Accounts Adequate? Can My Retirement Accounts Provide

Guaranteed Lifetime Income?

WE WILL HELP YOU

Discussion Points Life Expectancy Financial Situation (assets, debts, income,

and tax situation) Financial Objectives and Experience Risk Tolerance Family Circumstances

WE WILL HELP YOU

For a Free Social Security AnalysisI WILL HELP YOU

Michael J. Prestwich(505) 480-4331

www.SafeLifetimeIncome.com