Question: Darnell, a 6 6 years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to
Darnell, a years old worker, is deciding between retirement either this year or the next year. His average monthly benefit is determined to be $ Assume that the benefit is the same for this year and the next year.
Hint: Use the annual income limit of $ when computing the annual reduction benefit.
Compute Darnells annual benefit reduction amounts in each of the following scenarios.
If Darnell retires this year and secures a parttime job earning $ his annual benefit reduction amount is
$
If Darnell retires this year, secures the same parttime job, and in addition projects interest and dividend earnings of $ per year, what his annual benefit reduction amount is
$
If Darnell retires next year and secures the same parttime job, the annual benefit reduction amount is
$
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