M Selected Strategy (Maximum Benefits) SAMPLE. much less benefit would be received if an alternative start age combination is selected.

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1 Social Security Strategy Jill's Benefit Start Age What Does This Mean? N ` John's Benefit Start Age M Alternative Strategy ` Alternative Strategy Alternative Strategy FILING METHODS File for Benefits John Suspends, Jill Files Jill Suspends, John Files John Files Restricted, Jill Files Jill Files Restricted, John Files John Suspends, Jill Files Restricted Jill Suspends, John Files Restricted Past this Age The above grid represents the methods for filing for Social Security benefits which produce the highest cumulative value of benefits. Totals are calculated for each age combination and filing method available. Each color square represents the filing method yielding the highest total for a given age combination. The star represents the age combination for the highest overall total. If more than one combination results in the same total, the earliest possible age combination is shown. The strategy selected and emphasized in this report starts benefits for John at age 70 and Jill at age 66 (the start ages that will provide maximum benefits over the projected lifetimes). The difference shown below is how much less benefit would be received if an alternative start age combination is selected. SELECTED START AGES CUMULATIVE VALUE M John at 70, Jill at 66 $,99,36 ALTERNATIVE START AGES CUMULATIVE VALUE DIFFERENCE FROM SELECTED John at 66, Jill at 66 $,78,268 $20,048 less ` John at 65, Jill at 64 $,574,860 $344,456 less John at 70, Jill at 70 $,840,788 $78,528 less Cumulative value calculated through Presented by: Gary A. Rhodes, CFP September 30, of 2

2 JOHN JILL Current Age Monthly benefit at FRA $3,000 $,250 Assume live to Start benefits at age CUMULATIVE VALUE OF BENEFITS $,99,36 John Suspends, Jill Files Restricted ANNUAL BENEFITS BY YEAR Assumes 2.5% Cost of Living Adjustments John NEW MONTHLY BENEFITS DATE AGE 2 CHANGE FOR JOHN JILL TOTAL REASON Jan Jill $0 $,576 $,576 Start spousal benefits only Jan John $4,480 $,697 $6,77 Start with delayed credits Jan Jill $4,592 $,93 $6,505 Start with delayed credits Jan Jill $0 $6,489 $6,489 Survivor benefits start Jill $20,000 John Jill 90,000 60,000 30,000 This report assumes that you stop work when you start your Social Security benefits. Prior to full retirement age, your earnings from continuing to work may result in your benefits being reduced or withheld. When you reach full retirement age, an adjustment is made to restore any reduced or withheld benefits. After full retirement age, there is no benefit reduction for wages or self-employment earnings. 2 Presented by: Gary A. Rhodes, CFP September 30, of 2

3 Annual Social Security Benefits Assumes 2.5% Cost of Living Adjustment JOHN JILL TOTAL Year Age Retirement Spousal Age Retirement Spousal Survivor Annual Total Cumulative ,92 0 8,92 8, , ,380 38, , ,872 58, , , ,24 32, , , ,060 20, , , ,06 290, , , , , , , , , , , ,72 542, , , , , , , ,540 72, , , ,808 84, , , ,2 909, , , ,500,006, , , ,936,06, , , ,444,209, , , ,988,34, , , ,628,42, , ,420 77,868,499, , ,560 79,82,579, , ,724 8,804,66, , ,92 83,856,745, , ,36 85,956,83, , ,396 88,04,99,36 Presented by: Gary A. Rhodes, CFP September 30, of 2

4 Comparison of the Suggested Filing Method Year Ages Benefit John's / / / / /68 JOHN SUSPENDS, JILL FILES RESTRICTED Jill's Annual Cumulative Lifetime Benefit Total Benefits 0 8,92 8,92 8,92 0 9,380 9,380 38, ,872 9,872 58,64 JOHN SUSPENDS, JILL FILES Cumulative John's Jill's Annual Lifetime Benefit Benefit Total Benefits 0 8,92 8,92 8,92 0 9,380 9,380 38, ,872 9,872 58, / / / / / / / / / / / / / / / ,760 20,364 74,24 32,288 55,04 22,956 78,060 20,348 56,484 23,532 80,06 290,364 57,900 24,20 82, ,384 59,340 24,732 84, ,456 60,828 25,344 86,72 542,628 62,352 25,980 88, ,960 63,92 26,628 90,540 72,500 65,508 27,300 92,808 84,308 67,40 27,972 95,2 909,420 68,820 28,680 97,500,006,920 70,548 29,388 99,936,06,856 72,32 30,32 02,444,209,300 74,2 30,876 04,988,34,288 75,972 3,656 07,628,42, ,868 77,868,499, ,82 79,82,579, ,804 8,804,66, ,856 83,856,745, ,956 85,956,83, ,04 88,04,99,36 53,760 20,364 74,24 32,288 55,04 20,880 75, ,272 56,484 2,396 77, ,52 57,900 2,936 79, ,988 59,340 22,476 8,86 447,804 60,828 23,040 83,868 53,672 62,352 23,66 85,968 67,640 63,92 24,204 88,6 705,756 65,508 24,86 90, ,080 67,40 25,428 92, ,648 68,820 26,064 94, ,532 70,548 26,724 97,272,080,804 72,32 27,384 99,696,80,500 74,2 28,068 02,80,282,680 75,972 28,776 04,748,387, ,868 77,868,465, ,82 79,82,545,08 0 8,804 8,804,626, ,856 83,856,70, ,956 85,956,796, ,04 88,04,884,828 Presented by: Gary A. Rhodes, CFP September 30, of 2

5 Action Plan For John starting benefits at age 70 and Jill starting benefits at age 66 WHEN WHO ACTION NOTES October 205 John File for benefits then immediately suspend. Delayed retirement credits will accumulate until John starts receiving benefits. October 206 Jill File a restricted application for spousal benefits. October 209 John At age 70, start Social Security benefit payments with delayed retirement credits. October 2020 Jill At age 70, start Social Security benefit payments with delayed retirement credits. At death of a spouse When a spouse dies, the other spouse should file for Social Security survivors' benefits. Apply 3 months prior to full retirement age. Application may be made any time during this month. Apply 3 months prior to full retirement age. Application may be made any time during this month. Jill may apply for spousal benefits if John has filed for benefits. Jill's benefit will receive delayed retirement credits to age 70. Apply 3 months prior to birthday. Application may be made any time during this month. No additional delayed retirement credits after age 70. Apply 3 months prior to birthday. Application may be made any time during this month. No additional delayed retirement credits after age 70. Social Security provides a onetime payment of $255, plus monthly survivors' benefits. This schedule was prepared on September 30, 205. All items should be reviewed regularly and adjusted for any changes in Social Security rules, tax laws, or major life events of either John or Jill. A review with your financial advisors annually is recommended. Presented by: Gary A. Rhodes, CFP September 30, of 2