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You have two options to retire. You can receive $875 per month if you start taking the funds at age 55, or you can receive

You have two options to retire. You can receive $875 per month if you start taking the funds at age 55, or you can receive $987 per month by waiting til age 65. You expect a decent return of 4.7%. You also expect to live until 88. Which option should you take? Show work.

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