1) Discuss 4 Pros & 4 Cons of taking Social Security before/after your Full Retirement Age.


2) Identify the Social Security Rules for Qualifying for each of the following:

Retiree Benefits

Survivor's Benefits

Disability Benefits

3) Choose a salary that you want to have at age 25. Assume that you get raises that keep up with the cost of inflation. Assume that you contribute 10% of your income to your retirement plan. Assume your own rate of return on your money.

How much do you need to have saved if you retire at 40 and live to 90?
How much do you need to have saved if you retire at 65 and live to 90?

Answer rating: 100% (QA)

Question 1 4 Pros 4 Cons of taking Social Security beforeafter your Full Retirement Age Advantages If the person has no other income then he can rely on such retirement benefit at an old age In case o... View the full answer