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A 5% Soc Sec increase with a Biden presidency?
For some, they could indeed see a 5% boost to their Social Security monthly benefits. But it’s not guaranteed, and it would likely not be anywhere near that percentage to start. Congress would have to approve any benefit changes in current law, but Biden has proposed giving those who have been collecting benefits a long a time an extra amount over and above the standard cost of living adjustment. Full article by Christy Bieber of The Motley Fool is here.
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