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Assessing the Implications of an FRA Setback

If you’ve been keeping up with the rhetoric on the Social Security solvency crisis, you’re probably tuned in to the various scenarios being advanced to address the impending trust depletion situation. You probably also know that one of the most frequently discussed changes is to set the full retirement age (FRA) for Social Security retirement benefits back from its current age 67 (for those born in 1960 or later). While it may be inevitable, there are a number of implications that arise if this winds up being part of the preferred route to fixing the problem. US News & World Report contributor Rodney Brooks examines some of these key implications in a post on their website, which you can read in full here

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