Question
Jaylen and Avery Jackson want to know what their Social Security benefits would be if they were to wait until FRA age 67 to claim
Jaylen and Avery Jackson want to know what their Social Security benefits would be if they were to wait until FRA age 67 to claim their payments. The purpose of this assumption would be to give them a goal to plan for to help them plan their to supplement their FRA Social Security Income with other retirement assets.
They intend to actually claim Social Security benefits at age 65. They consulted the Social Security Administration website and determined their monthly retirement benefits at FRA would be $2,500 (in todays dollars) for Jaylen and $1,800 (in todays dollars) for Avery.
With the above information, what would be the Social Security Benefit Jaylen and Avery would receive each month if they waited until age 67 to collect rather than age 65?
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