Suppose You Are Thinking About the Implications of Delaying Retirement

question 17

Multiple Choice

Suppose you are thinking about the implications of delaying retirement by one year.Which of the following provides you with an incentive to do so?

• A) Since earnings generally rise with age,you get to replace a low-wage earnings year with a high-earnings year in the 35-year benefits average.
• B) You will pay an extra year of payroll taxes on your earnings.
• C) You will receive one less year of Social Security benefits.
• D) Your potential benefits will be reduced if you wait to retire.

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