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How Social Security raise impacts retirees

Social Security recipients will get a 1.7% cost-of-living adjustment starting in January, according to the Social Security Administration. For the average retired person receiving Social Security, monthly payments will rise $22 to $1,328 from $1,306. The average couple’s benefits will rise to $2,176 from $2,140. So what does all this mean for retirees? USA TODAY talked to Christopher Jones, chief investment officer for Financial Engines (FNGN), a provider of defined contribution managed accounts...Read More

 

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