TABLE OF CONTENTS
Executive Summary.........................................................................................................................2 The Status of Social Security...........................................................................................................2 Timing Your Benefit Distributions................................................................................................3 A Look at Spousal Benefits Plan for Surviving Spouse...............................................................................................................4 Delayed Retirement Credits...........................................................................................................5 Options for Spouses........................................................................................................................6 Divorced Spouse..............................................................................................................................7 Widowed Spouse.............................................................................................................................7 How a Job Impacts Benefits............................................................................................................8 Preparing for Retirement Income..................................................................................................9 Other Income Sources..................................................................................................................10 Fixed Index Annuity......................................................................................................................11 Long-Term Care Costs Medicare..........................................................................................................................................11 Medicaid.........................................................................................................................................12 Personal Savings............................................................................................................................12 Long-Term Care Insurance..........................................................................................................12 Life Insurance With Accelerated Benefits..................................................................................12 Longevity Annuity.........................................................................................................................13 Conclusion......................................................................................................................................13
:1: This document is designed to provide general information on the subjects covered. It is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market or recommend any tax plan or arrangement. Individuals are encouraged to consult with a qualified professional before making any decisions about their personal situation. This content is not endorsed by the Social Security Administration, and our firm is not affiliated with the United States government or any other governmental agency.
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