Roseanne, age $53,$ is a financially literate individual who is looking to optimize her ability to augment household income at retirement. She is reviewing her options to retire at either $65$ or $70.$ She enjoys her work, is healthy, and there is longevity in her family as her mother and father lived well into their $90$s$.$ When she retires, she will begin receiving Social Security. Her company offers a defined benefit pension plan that provides $50\%$ of her highest three years of consecutive earnings at age $65$ and $75\%$ of her highest three consecutive compensation years at age $70.$ She is a moderate investor, taking a balanced approach to asset allocation. Select the strategy that would be most advantageous to Roseanne accomplishing her income goals while producing the least strain on her investments at retirement.

Group of answer choices

She should retire at age $65$ because she can't truly determine her life expectancy.

Select age $70$ for retirement as she will have earned significant delayed credits from Social Security.

Select age $70$ for retirement as her pension will be increased by $100\%$ of the benefit at age $65.$

Roseanne should consider investing in a $40/60$ allocation to reduce her tax exposure.