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Closing Benefit Loopholes
The new budget deal passed by the House closed a File-and-Suspend loophole with collecting Social Security benefits while allowing other benefits to grow larger. Many see this as devastating to the current system because it is effectively removing an investment that many have come to rely on. Some, however, say that this is a good change as the current system has grown too complicated when trying to get the most out of Social Security. This could be a good first step in solving the Social Security solvency problem. To read more on this topic visit this article by Melanie Waddell with Think Advisor.
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