SS_Medicare_flipbook_2017 - page 14

Social Security offers benefits similar to a lifetime pension. Not only does it
provide a guaranteed income stream, but it also offers longevity protection,
spousal protection, and even some inflation protection.
Regardless of your marital status, there are strategies that might increase the
lifetime benefits you receive from Social Security. It is also important to understand
how the claiming age of each spouse could affect monthly and lifetime benefits.
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Society of Actuaries, 2016
Will Your Sources of Income Last a Lifetime?
At age 65, a healthy man or woman can reasonably expect to spend up to 20 or
30 years in retirement. If a couple is married, there is a 60% chance that one of
them will live to age 90.
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