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Question: jacks social security normal retirement age is 67 if he...

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Jack’s Social Security Normal Retirement Age is 67. If he chooses to receive Social Security retirement benefits early beginning at age 62, and his normal age retirement Primary Insurance Amount (PIA) is $2,000, how much can Jack expect to receive as a monthly retirement benefit?

a. $2,000

b. $1,600

c. $1,500

d. $1,400

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