SHARE:

section5

«
»
Variable Question text Label
q51Mr. Pete Cox is considering whether to retire and start claiming Social Security benefits and is 62 years of age. He is in good health now and expects to be in good health for the foreseeable future. He currently works and earns a monthly salary of $2,300, but could also receive a monthly benefit of about $2,000 if he stops working and starts claiming Social Security retirement benefits now.

If you were Mr. Pete Cox, at what age would you start claiming your Social Security retirement benefits? -- Remember, there is no correct answer.

Note: to review the information we provided to you earlier in this survey about Social Security, please just click (appears in popup).
vignette 1
q52Imagine Ms. Mary Hopkins, who is 61, in good health and working full-time. She is not yet eligible to claim Social Security retirement benefits but has found out that she will be entitled to a $2,000 monthly benefit if she starts claiming at 62 -- ^FL_q52. Her current job pays her about $3,500 per month (after taxes). She supports her teenage grandchild, who lives with her. She has no retirement savings.

If you were Mary Hopkins, at what age would you start claiming your Social Security retirement benefits?

Note: to review the information we provided to you earlier in this survey about Social Security, please just click (appears in popup).
vignette 2
q53Imagine Mr. Gary Osborne, a single man approaching age 62 and planning his retirement. Mr. Osborne currently earns $60,000 a year. Although he is in good enough health to continue working, he has a 401(k) plan that would give him $1,200 per month in addition to his Social Security retirement. If he starts claiming Social Security retirement at age 62, his monthly benefit would be approximately $1200. If he waits until he turns 70, his benefit would be approximately $2300 (adjusted for inflation).

At what age do you think he should start claiming his Social Security retirement benefit?

Note: to review the information we provided to you earlier in this survey about Social Security, please just click (appears in popup).
vignette 3
q54_aI understood what the questions were asking me to doI understood the questions
q54_bI found these questions difficult to answerI found it difficult to decide how to answer these questions
q54_cI found these questions confusingI found these questions confusing