Social Security Changes You Should Know About
The Social Security Act is a massive piece of legislation providing retirement benefits to about 64 million beneficiaries. Such a complex system which affects so many must rely on some automatic adjustments to the program to keep pace with both inflation and changes to the national average wage index. These adjustments result from comparing the current year’s numbers to the previous year’s, allowing Social Security to tailor benefits, taxes, and income clip levels to the performance of the American economy. In this Forbes article, contributor John F. Wasik explains what he calls the “Big 4” changes made each year which affect all those collecting or paying into Social Security. Click here to read more.
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