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Social Security Changes– Current & Future
Social Security undergoes yearly changes automatically, most tied to inflation. A cost of living increase is granted, and more income becomes taxable. Those changes and a few others like how much one can earn and still collect benefits are tied to separate inflation indexes. But the full retirement age is now 67 for those born 1960 or later. Experts believe that age will have to go up eventually to head off financial insolvency. What might that look like and when? Read it all here in this piece by Maurie Backman.
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