The Social Security Administration announced the following r

The Social Security Administration announced the following rates to explain what percent of your Social Security benefits you will receive based on how old you are when you start receiving Social Security benefits.

Assume Shelley Kate decides to take her Social Security at age 66. What amount of Social Security money will she receive each month, assuming she is entitled to $700 per month?

Solution

at the age of 66 she can get 100% benefit

So she will receive double of what she is entitled for

She will receive $1400 per month