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Well both me and Larry are actually kind of saying the same thing I think.
She gets the $870 until age 66. Then at age 66, instead of just the $1k/m, she gets bumped up to $1k+, to account for the withheld amount before age 66.
I believe the withheld amount is amortized over life expectancy (I could be wrong), so I wouldnt expect the increase above $1k/m to be significant.
She gets the $870 until age 66. Then at age 66, instead of just the $1k/m, she gets bumped up to $1k+, to account for the withheld amount before age 66.
I believe the withheld amount is amortized over life expectancy (I could be wrong), so I wouldnt expect the increase above $1k/m to be significant.