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Millennials, Social Security, and Retirement
For the 83 million Americans born between 1982 and 2000 (commonly referred to as Millennials), retirement is a ways away. But a big worry looms large for this demographic group, namely that despite all they’re paying into Social Security now, a full 80% state they don’t expect to get a nickel of it back. In this Market Watch piece, columnist Paul Brandus notes a number of current government programs that encourage saving and mentions a number of proposals working their way through Congress that would do still more. Read his full piece here. The Association of Mature American Citizens (AMAC) has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act”. One of its several components is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement. Learn more about AMAC’s Social Security Guarantee here…
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