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65 is Not the “Magic Age” for Social Security Benefits
For so many of us, reaching age 65 was once thought of as the end point in attaining Social Security benefits. That all changed, of course, with the gradual shift in Full Retirement Age to 66, then 67. As a result, someone today with a birth year of, say 1954, beginning benefits at age 65 would result in a reduction in monthly payments because their full retirement age is actually 66. The Motley Fool’s Maurie Backman explains the math associated with this reduction in a post on amp.usatoday.com. Check it out here…
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