Maximizing Your Social Security Benefits: Brad and Sheryl's Options

What are the projected benefits for Brad and Sheryl based on the data?

Which scenarios are presented to Brad and Sheryl regarding their social security benefits?

Projected Benefits for Brad and Sheryl

The data shows that Brad and Sheryl have received projections for their social security benefits based on different scenarios.

Brad is informed that if he stops working and starts receiving benefits at the full retirement age of 67, he will receive $2000 per month. On the other hand, Sheryl is also told that if she does the same, she will also receive $2000 per month.

However, Sheryl has the option to delay her benefits until age 70. By choosing to delay, she would receive a 24% increase in her monthly benefits, bringing it to $2480 per month.

There is another scenario mentioned in the data where one person takes full benefits at age 67 ($2000 per month), while the other receives spousal benefits ($1000 per month at age 67) and later switches to delayed benefits of $2480 per month at age 70. It is not specified which scenario applies to Brad and Sheryl.

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