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What Social Security Needs: Dependability
Social Security benefits are the major source of retirement income for most Americans. Washington should reform Social Security in 2015, so that older Americans can know what level of benefits they can depend on. They need this information to make informed decisions as to when they can retire and how much they can spend in retirement. Subject to a caveat discussed later, Social Security system makes the following promise: You can begin your own retirement benefits at any age between 62 and 70. The longer you wait, the larger is your monthly benefit, but they will last for a shorter time….Read More
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