Your aging professor is approaching the age to start drawing on Social Security, and needs your help to determine the best time to start receiving benefits. It is 2023. Full Retirement Age has shifted and is now age 67. We will assume that your professor was born in 1961 and the professor's Full Retirement Age (FRA) is 67. You will find a lot of acronyms involved with the Social Security Administration (SSA). The first decision needs to be made at age 62, which is when benefits can start. We will assume the person is alive at age 62. Remember that a person needs to be alive to collect benefits (some of the literature forgets this important part). To determine benefits, Social Security needs to know what the average indexed monthly earnings (AIME) are of the person who will receive benefits. This involves the average monthly salary over the past 35 years that has been taxed for Social Security benefits. The AIME for this study is $6000. You do not need to calculate it. Your aging professor was born on January 2, 1961. The question: at what age should the old Prof start collecting benefits?