Both benefits at every age from 62 to 70 — and, more importantly, what the survivor is left with under each combination. Pull your real figures from ssa.gov first; remembered estimates are usually wrong by a lot.
When one spouse dies, the household keeps the larger of the two benefits. The smaller one stops. Expenses do not fall by half.
Cumulative household benefits received, in today's dollars, plus what the survivor keeps. The bridge cost is what you draw from the portfolio while waiting.
Figures are in today's dollars and use the standard reduction and delayed-credit rules. Cost-of-living adjustments apply to every scenario, so they are left out rather than double-counted. Spousal benefits, the earnings test, and taxation of benefits are covered in the briefing and are not modeled here. Bring this to the April call.
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