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No. of Recommendations: 4
To quote Michael Kitces-
<<More generally, the key distinction to recognize is that when couples have substantively different benefits and are considering the breakeven periods, delaying the higher earner’s benefit will win as long as EITHER person is alive at the breakeven, but delaying the lower earner’s benefit will only win if BOTH of them are alive at the breakeven point.>>


One big benefit of a couple running this analysis for themselves is when an annuity salesman comes calling (or you discover that the free dinner seminar "How To Maximize Your Social Security" is really an annuity pitch): Rather than buy an annuity, it will probably be a better scenario to delay SS and live off the money you'd pay for that annuity. Delaying SS looks like a much better way to insure against longevity risk than buying an annuity, *especially* at current rates.
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