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3. Considering the information obtained in question 2, should Bill wait until age 67 for his Social Security benefits? If he wails until age 67,

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3. Considering the information obtained in question 2, should Bill wait until age 67 for his Social Security benefits? If he wails until age 67, how will his Social Security benefit change the answer to question 2? (Hint: Calculate his portfolio value as of age 67 and then calculate how long that amount will last if it earns 5 percent annually.)

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