Elizabeth, age 62, wanted to consider the benefits of age 62 Social Security at a reduced 75
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Elizabeth, age 62, wanted to consider the benefits of age 62 Social Security at a reduced 75 percent payout versus full payments at age 66. She could invest the monies at 5.5 percent after tax and expects to live until age 88. She will receive $15,000 a year after tax at age 66. Which alternative should she select? Show all calculations.
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Step Statistic Explanation Benefit starts today at age 62 12000 15000 80 Period for benefits 26 year...View the full answer
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Nicholas Maina
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