How Can Your Maximize Your Social Security Retirement Benefit?

1. How Can Your Maximize YourSocial Security Retirement Benefit? An Overview to help you maximize your lifetime social security income

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

3. The Federal Insurance Contributions Act of 1935“FICA”

4. Insurance?How is Social Security, “Insurance?”

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

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

7. Life Insurance Companies call “Old Age Insurance” an“Annuity”

8. Annuities can help you eliminate the risk of outliving your money

9. My Training with Annuity Products May Help You Maximize Your Lifetime Retirement Income Including Social Security

10. Fred and Wanda WorkerBoth Age 60Excellent HealthSufficient Assets to Retire At Age 62 For Example, here is the story of

11. We Start With Their Social Security Statements ssa.gov/myaccount

12. It is Important to Know YourFull Retirement Age, or “FRA”(Usually Age 66 or Age 67) ssa.gov/myaccount

13. Wanda Worker’s StatementFull Retirement Age, or “FRA”Age 66 Benefit = $1,619 ssa.gov/myaccount

14. Wanda Worker’s StatementAge 70Benefit = $2,023 ssa.gov/myaccount

15. Wanda Worker’s Statement Age 62Benefit = $1,113 ssa.gov/myaccount

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

17. Wanda: $1,113 per monthFred: $1,875 per month$35,856 Annual Income like Nearly half of retirees*, Fred and Wanda were inclined to start social security at age 62 * 2013 Urban Institute analysis of U.S. Census Bureau

18. $315,000 Mistake Why this Could have been a

19. $315,000 Difference Social security benefit analysis

20. By Collecting Social Security at Age 62, Instead of Waiting Until Age 70 . . . Three ways they Would lose money

21. 1- They Would Lose Annual Income $35,856 Instead of $64,284 $28,428 Difference Social security benefit analysis

22. 2 – They Would Lose the Spousal Benefit $0 Instead of $15,000 for 4 years $60,000 Difference Social security benefit analysis

23. 3 – They Would Lose Survivor Income $22,500 Instead of $40,008 $17,508 Annual Difference Social security benefit analysis

24. You Just Saw an Overview of the “File and Suspend” Strategy Social security benefit analysis

25. Had Sufficient Retirement Assets to Provide Income Between Age 62 and 70However . . . Fred and Wanda

26. Every situation is different

27. Starting at Age 62 is best in this situation

28. here the husband should start at age 70 and the wife at age 62

29. Starting at Age 66 is best in this situation

30. We will help you Get Your Own Social Security Retirement Analysis to Discover the Strategy that Works Best for You

31. Get Your Social Security Statement We will help you

32. We will help you Explain Key Social Security Terms Full Retirement Age “FRA” “File and Suspend” Strategy Spousal Benefits Survivor Benefits Early Retirement Benefit Reduction

33. 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?

34. We will help you Discussion Points Life Expectancy Financial Situation (assets, debts, income, and tax situation) Financial Objectives and Experience Risk Tolerance Family Circumstances

35. I will help you For a Free Social Security Analysis Michael J. Prestwich (505) 480-4331 www.SafeLifetimeIncome.com