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Factors That Could Change Your Anticipated Social Security Payment
It’s important to understand how the Social Security Administration calculates what is expected to be your monthly benefit payment, but it’s equally important to understand that the net amount that hits your bottom line might differ from that calculation. Yahoo!Finance’s John Csiszar, in a post on their website, takes a look at some of the situations and factors that can cause this deviation. The first in his series is the impact of Medicare premiums, where he notes that the amount you’ll pay may vary depending on your income level. Since these premiums are deducted from your monthly benefit payment, it’s important to plan for the impact on that payment. He goes on to cite five additional reasons why your benefit may not live up to the expectations associated with the broad calculation of your earned benefit at full retirement. Check Csiszar’s post out here…