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This Social Security move allows you to ‘stick it’ to Uncle Sam

Brett Arends provides yet one more reason to wait to collect Social Security. Starting benefits at age 70 can hike your monthly pay by up to 80%. It is a better option for all but those in poor health. Arends explains that life expectancy has increased greatly since the last major Social Security change in 1983. Taking benefits early not only comes with a pay cut, but more and more benefits are subject to income tax, as brackets have never been indexed for inflation. Full piece here.

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