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Raising the retirement age

Choosing when to start receiving your Social Security retirement benefits is an important decision that affects your monthly benefit amount for the rest of your life. For those born in 1960 or later, your full retirement age is 67 to receive your full benefit. Some politicians and experts suggest raising the full retirement age to 70; however, not all experts agree. Alicia Munnell, director of the Center for Retirement Research at Boston College, said, “Increasing the retirement age is a benefit cut.” Lorie Konish reports why some experts say the full retirement age should not go higher. Read Ms. Konish’s article here…

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