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4 Things to Know About Social Security Before Retirement

James Brumley lists four important things to understand about Social Security, first and foremost being it will not be a huge sum of money, as the program only replaces around 40% of pre-retirement income. The other items are these: Some of the income might be taxable. Payments called cost of living adjustments are adjusted annually to reflect the impact of inflation. Lastly, you can still work, but it may impact your benefit between age 62 and 67. Full piece here.

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