Consider an individual who is 62 and expects to retire at age full retirement age of 66 with a total 30years incone of $2400000. For simplicity her average monthly life time income is determined over her highest 35years of income to be 1/12of a constant $80000 per year at both 62 and 66. (Note 25% hit if taken at age 62and 8% increase per year on full retirement income after age 66(not compounded but increased based on 8% N amount found in 1below.

1) What is her expected SSN Monthly benefit at age 66her full retirement age

2)What is her monthly income if she would take the SSN at age 62

3)What is her monthly income if she would take the SSN benefit at age 68