Henry is up for retirement after 35 long years at his pharmacy. before retiring, he would like to know how much he would receive each month from social security if he were to retire. during his 35 years, henry averaged an annual salary of $45,620. assuming he would recieve 42% of his annual average each year, how much can henry expect to receive from social security on a monthly basis? a. $1,596.70 b. $1,916.04 c. $15,967.00 d. $19,160.40

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13-09-2022
Business

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Henry is up for retirement after 35 long years at his pharmacy. before retiring, he would like to know how much he would receive each month from social security if he were to retire. during his 35 years, henry averaged an annual salary of $45,620. assuming he would recieve 42% of his annual average each year, how much can henry expect to receive from social security on a monthly basis? a. $1,596.70 b. $1,916.04 c. $15,967.00 d. $19,160.40

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arshikhan8123 arshikhan8123 · Answer 1 · 2022-09-16T13:08:12-04:00

Henry is up for retirement after 35 long years at his pharmacy. Before retiring, he would like to know how much he would receive each month from social security if he were to retire. During his 35 years, henry averaged an annual salary of $45,620. Assuming he would receive 42% of his annual average each year, henry expect to receive from social security is $1596.70 monthly.

Retirement is withdrawal from a job, position, or active professional life. You can also reduce your working hours and workload and retire. Many people retire due to old age or are unable to work due to health reasons.

What are the three types of retirement?

Three different types of retirement have emerged as a result of these trends. And each requires a different retirement planning strategy. Here, we discuss traditional retirement, semi-retirement, and temporary retirement, and how you can navigate your chosen path.

At what age can early retirement be allowed?

A worker can retire at the age of 62, but this can save up to 30%. Starting your benefits after normal retirement age may result in higher benefits. Deferred pension credits allow you to receive maximum benefits when you retire at age 70.

Learn more about retirement here:- https://brainly.com/question/28128413

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