Make an informed Social Security decision

1 Not a deposit Not FDIC or NCUSIF insured Not guaranteed by the institution Not insured by any federal government agency May lose valueImportant Information About This ReportThis report is being provided for informational purposes only and should not be construed as investment, tax, or legal advice or a solicitation to buy or sell any specific securities product. You should work closely with your financial professional to develop a plan that incorporates your investment objectives, goals, risk tolerance and time horizons based on your specific situation. This report relies upon the accuracy of the data you provide and is an estimate of the Social Security benefit you may receive which will differ from the actual benefit amount you receive at the time of application with the Social Security Administration.

2 The information provided is based on current laws which are subject to change at any time. This report has not been reviewed or endorsed by any government information collected on this Social Security Report will be kept confidential and used to provide an overview of a client s potential Social Security benefit. Please keep in mind that the results of this report are for hypothetical purposes only and are not guaranteed. For more information on how Nationwide protects your personal information, visit our online privacy policy at an informedSocial Security decisionYour personalized Social Security report, powered by Social Security Timing Compare your options and choose for your futureMr Jim & Mrs LindaPrepared by the Nationwide Retirement InstituteTuesday, January 12, 2021 Report Number 652888 AssumptionsNameMrMrsDate of Birth12/15/19556/1/1959 GenderMFAssumed %Real Rate of %Full Retirement Age66 years 2 months66 years 10 monthsIncome Need$7,500 Survivor Need$5,000 Estimated Monthly BenefitsAge626364656667686970Mr$1,642$1, 743$1,936$2,148$2,304$2,544$2,801$3,068$ 3,347 Mrs$1,140$1,242$1,360$1,507$1,661$1,825$ 2,016$2,216$2.

3 423 Why are the estimated benefits different from my Social Security Statement?Your Social Security Statement makes certain assumptions that differ from the assumptions we make inpreparing your , Social Security assumes that the average wages will not increase in the future. Average wage statistics areused to index your past earnings to equal today s dollars, and to adjust formulas in the benefit calculation. Weassume that the average wage will increase at the same pace as inflation, and we adjust your earnings as wellas the formulas for future election years based on this , your Social Security Statement does not include cost of living adjustments. Historically, cost of livingadjustments have occurred regularly and a recent Social Security Trustees report ( ) assumes long term Cost of Living Adjustments to be between and per year with the mostlikely average being per year.

4 The benefit amounts above include Cost of Living adjustments based on % inflation assumption per year that you raw dollar amount of your future benefit is of interest to most of our clients and as a result, we present thatinformation above and through this report when potential benefit amounts are referenced. As a result, themonthly benefit amounts above and through the remainder of this report represent your benefits in future have taken substantial care to utilize the lifetime values of different benefit elections in today s dollars, usinga real rate of return of %. Lifetime benefit values throughout this report represent the present value ofbenefits based on the estimated cashflows on the respective strategy cashflow tables.

5 Cashflow tables areannual cashflows. "Strategy" in this report is used to denote a set of Social Security claiming ages andtechniques, not an investment ComparisonThe expected lifetime family benefit using the optimal strategy is: $974,259 The expected lifetime family benefit for the first alternate available combination is: $964,140 The expected lifetime family benefit for the second alternate available combination is: $911,711 The expected lifetime family benefit for the earliest available combination is: $895,104 Graph represents present value of Lifetime Family Benefits. The preceding chart and comparisons assumethat Mr dies at age 86 years and Mrs dies at age 89 illustrates which of the outlined strategies provides the best outcome at any given set of whole year deathage combinations.

6 Break Even points occur at combinations where the strategy offering the best outcomechanges. The Suggested strategy was determined by assuming Mr dies at 86 years and Mrs dies at 89 Optimal Social Security StrategyMrFile a standard application for benefits at your age 70 years. Your approximate benefit would be$3,347 MrsFile a standard application for benefits at your age 68 years. Your approximate benefit would be$2,016 The expected lifetime family benefit using this strategy is: $974,259 Using the Optimal Election AgesThe preceding charts demonstrate future value cashflows using the assumptions outlined on the assumptionspage of this report, and do not include taxes or any other source of income. The desired income line is generatedbased on user input and inflated for future value using the same inflation Benefit Breakdown Net Present ValueRetirementSpousalWidow$518,428$0$0 MrsCombined Benefit Breakdown Net Present ValueRetirementSpousalWidow$269,595$0$18 6,236 Estimated Cashflows for your Optimal Social Security StrategyExpected Cashflow Future Values MrMrsSummaryYearAgeRetirementSpousalWido wAgeRetirementSpousalWidowTotalOther*Nee dGap$789,125$0$0$419,782$0$410,801$1,619 ,708$700,000$3,475,331($1,155,623)

7 201762$0$0$058$0$0$0$0$100,000$90,000$10 ,000201863$0$0$059$0$0$0$0$100,000$90,00 0$10,000201964$0$0$060$0$0$0$0$100,000$9 0,000$10,000202065$0$0$061$0$0$0$0$100,0 00$90,000$10,000202166$0$0$062$0$0$0$0$1 00,000$90,000$10,000202267$0$0$063$0$0$0 $0$100,000$92,160$7,840202368$0$0$064$0$ 0$0$0$100,000$94,371$5,629202469$0$0$065 $0$0$0$0$0$96,636($96,636)202570$3,347$0 $066$0$0$0$3,347$0$98,956($95,609)202671 $41,124$0$067$0$0$0$41,124$0$101,330($60 ,206)202772$42,108$0$068$16,128$0$0$58,2 36$0$103,762($45,526)202873$43,116$0$069 $24,768$0$0$67,884$0$106,253($38,369)202 974$44,148$0$070$25,368$0$0$69,516$0$108 ,803($39,287)203075$45,216$0$071$25,980$ 0$0$71,196$0$111,414($40,218)203176$46,2 96$0$072$26,604$0$0$72,900$0$114,088($41 ,188)203277$47,412$0$073$27,240$0$0$74,6 52$0$116,826($42,174)203378$48,540$0$074 $27,888$0$0$76,428$0$119,630($43,202)203 479$49,704$0$075$28,560$0$0$78,264$0$122 ,501($44,237)203580$50,904$0$076$29,244$ 0$0$80,148$0$125,441($45,293)203681$52,1 28$0$077$29,952$0$0$82,080$0$128,452($46 ,372)203782$53,376$0$078$30,660$0$0$84,0 36$0$131,535($47,499)203883$54,648$0$079 $31,404$0$0$86,052$0$134,691($48,639)203 984$55,968$0$080$32,148$0$0$88,116$0$137 ,924($49,808)204085$57,300$0$081$32,928$ 0$0$90,228$0$141,234($51,006)204186$53,7 90$0$082$30,910$0$4,889$89,589$0$96,416( $6,827)204287$0$0$083$0$0$60,084$60,084$ 0$98,730($38,646)204388$0$0$084$0$0$61,5 24$61,524$0$101,099($39,575)204489$0$0$0 85$0$0$63,000$63,000$0$103,526($40,526)

8 204590$0$0$086$0$0$64,512$64,512$0$106,0 10($41,498)204691$0$0$087$0$0$66,060$66, 060$0$108,555($42,495)4 MrMrsSummaryYearAgeRetirementSpousalWido wAgeRetirementSpousalWidowTotalOther*Nee dGap$789,125$0$0$419,782$0$410,801$1,619 ,708$700,000$3,475,331($1,155,623)204792 $0$0$088$0$0$67,644$67,644$0$111,160($43 ,516)204893$0$0$089$0$0$23,088$23,088$0$ 113,828($90,740)* Other Income is a combination of government pension and earnings First Alternate Social Security StrategyMrFile a standard application for benefits at your age 69 years. Your approximate benefit would be$3,068 MrsFile a standard application for benefits at your age 68 years. Your approximate benefit would be$2,016 The expected lifetime family benefit using this strategy is: $964,140 Using the First Alternate Election AgesThe preceding charts demonstrate future value cashflows using the assumptions outlined on the assumptionspage of this report, and do not include taxes or any other source of income.

9 The desired income line is generatedbased on user input and inflated for future value using the same inflation Benefit Breakdown Net Present ValueRetirementSpousalWidow$519,705$0$0 MrsCombined Benefit Breakdown Net Present ValueRetirementSpousalWidow$269,595$0$17 4,841 Estimated Cashflows for your First Alternate Social Security StrategyExpected Cashflow Future Values MrMrsSummaryYearAgeRetirementSpousalWido wAgeRetirementSpousalWidowTotalOther*Nee dGap$778,453$0$0$419,782$0$385,666$1,583 ,901$700,000$3,475,331($1,191,430)201762 $0$0$058$0$0$0$0$100,000$90,000$10,00020 1863$0$0$059$0$0$0$0$100,000$90,000$10,0 00201964$0$0$060$0$0$0$0$100,000$90,000$ 10,000202065$0$0$061$0$0$0$0$100,000$90, 000$10,000202166$0$0$062$0$0$0$0$100,000 $90,000$10,000202267$0$0$063$0$0$0$0$100 ,000$92,160$7,840202368$0$0$064$0$0$0$0$ 100,000$94,371$5,629202469$3,068$0$065$0 $0$0$3,068$0$96,636($93,568)202570$37,70 4$0$066$0$0$0$37,704$0$98,956($61,252)20 2671$38,604$0$067$0$0$0$38,604$0$101,330 ($62,726)202772$39,528$0$068$16,128$0$0$ 55,656$0$103,762($48,106)202873$40,476$0 $069$24,768$0$0$65,244$0$106,253($41,009 )202974$41,448$0$070$25,368$0$0$66,816$0 $108,803($41,987)203075$42,444$0$071$25, 980$0$0$68,424$0$111,414($42,990)203176$ 43,464$0$072$26,604$0$0$70,068$0$114,088 ($44,020)

10 203277$44,508$0$073$27,240$0$0$71,748$0$ 116,826($45,078)203378$45,576$0$074$27,8 88$0$0$73,464$0$119,630($46,166)203479$4 6,668$0$075$28,560$0$0$75,228$0$122,501( $47,273)203580$47,784$0$076$29,244$0$0$7 7,028$0$125,441($48,413)203681$48,936$0$ 077$29,952$0$0$78,888$0$128,452($49,564) 203782$50,100$0$078$30,660$0$0$80,760$0$ 131,535($50,775)203883$51,312$0$079$31,4 04$0$0$82,716$0$134,691($51,975)203984$5 2,536$0$080$32,148$0$0$84,684$0$137,924( $53,240)204085$53,796$0$081$32,928$0$0$8 6,724$0$141,234($54,510)204186$50,501$0$ 082$30,910$0$4,590$86,001$0$96,416($10,4 15)204287$0$0$083$0$0$56,412$56,412$0$98 ,730($42,318)204388$0$0$084$0$0$57,756$5 7,756$0$101,099($43,343)204489$0$0$085$0 $0$59,148$59,148$0$103,526($44,378)20459 0$0$0$086$0$0$60,564$60,564$0$106,010($4 5,446)204691$0$0$087$0$0$62,016$62,016$0 $108,555($46,539)7 MrMrsSummaryYearAgeRetirementSpousalWido wAgeRetirementSpousalWidowTotalOther*Nee dGap$778,453$0$0$419,782$0$385,666$1,583 ,901$700,000$3,475,331($1,191,430)204792 $0$0$088$0$0$63,504$63,504$0$111,160($47 ,656)204893$0$0$089$0$0$21,676$21,676$0$ 113,828($92,152)* Other Income is a combination of government pension and earnings Second Alternate Social Security StrategyMrFile a standard application for benefits at your age 66 years 2 months.