Economics Homework Help

Social Security is the largest source of retirement income for most Americans.. Four claiming scenarios are considered:

• receiving benefit early at age 62;
• receiving full benefit at age 67;
• delaying benefits until age 70;
• one person takes full benefits at age 67, and the other person receive spouse benefits and switches to delayed benefit at age 70.

After analyzing the scenarios, find the optimal social security claiming decision for the couple.

1. Complete the Case Study Exercises (#1~#4) at the end
2. complete this on excel