Social Security Cuts Punish Middle Class
(By - Amanda Lott, Financial Advisor)
In April 2015, Gov. Chris Christie of New Jersey made some strong recommendations about the need for changes to Social Security. One facet of his 12-point plan was to increase the full retirement age for future retirees. However, that idea wasn’t nearly as alarming as his second recommendation, which was a form of means-testing that would start reducing Social Security benefits for retirees with income of more than $80,000 per year and completely eliminate these benefits for retirees with more than $200,000 in income annually. Read more…
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