Finance Assignment | Top Essay Writing

Amanda is expected to receive full social security retirement benefit of $15500 annually when she turns 65. These benefits can be increased by 40% if she delays taking them till age 70. If her life expectancy is 92 years and expected rate of return is 3%, should Amanda take full benefit at 65 or delay benefit till 70? Assume no other income and taxes during retirement.

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She should start at 65 since present value of benefits is $345,831 as against $298,317 at 70

She should start at 65 since present value of benefits is $345,831 as against $284,069 at 70

She should wait till 70 since present value of benefits is $345,831 as against $284,069 at 65

She should wait till 70 since present value of benefits is $298,317 as against $284,069 at 65. Get Finance homework help today