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General information

Question text:
Consider the case of Ms. Elaine Fortson, who is 64 years of age. She is single and worked as a music teacher for 30 years. She stopped working at 60 and started receiving Social Security retirement benefits at 62 years. She is now considering taking a new job that would pay about US$40,000 per year. She thinks she would enjoy the work. Her benefits might be affected depending on her decision.

If she rejects the job, she will continue to receive $15,000 per year in retirement benefits from Social Security. She will continue receiving this amount throughout her lifetime (only adjusted for cost-of-living changes)

If she accepts the job, about half of her benefits will be withheld, and she will get $8,000 per year from Social Security. However, when she reaches her Full Retirement Age (FRA) at 66, she will receive a higher amount as compensation for the benefits withheld. In particular, if she continues working and earning the current amounts, when she reaches FRA she can expect to receive about $17,500 annually in Social Security benefits (plus cost-of-living adjustments). She will receive this higher amount for as long as she is alive. 		^FL_e001a


If you were Ms. Fortson, what do you think you would do?
Answer type: Radio buttons
Answer options: 1 Probably take the job
2 Probably reject the job
Label: take job or not
Empty allowed: One-time warning
Error allowed: Not allowed
Multiple instances: No

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