q21
General information
Question text: | Imagine an individual, Mr. Spencer Wills, who is retired from work and turning 63 today. Spencer expects his monthly Social Security retirement benefit to be about $2,000 if he claims now. How much should he expect his monthly benefit to be if he decides to wait another year and claim when he is 64? |
Answer type: | Radio buttons |
Answer options: | 1 It would stay the same 2 Approximately $2,120 (6% higher) 3 Approximately $2,020 (1% higher) 4 Approximately $2,300 (15% higher) |
Label: | expected monthly benefit |
Empty allowed: | One-time warning |
Error allowed: | Not allowed |
Multiple instances: | No |