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Lawmakers Could Raise Social Security's Full Retirement Age. Here's What That Might Mean for You
Lawmakers don't want to see those cuts happen, so they've been talking through different solutions to prevent them. And one such solution is to raise Social Security's full retirement age. Currently, that age is 67 for anyone born in 1960 or later. Some lawmakers feel that pushing that age to 69 could help prevent broad Social Security cuts.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...
The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, ...
One of the most important parts of the program, especially for married couples, is Social Security spousal benefits.
Many people would not be able to survive financially in retirement without Social Security. For those who enter their senior ...
With Social Security trust funds estimated to run out in less than a decade, some Americans wonder if Congress will step in ...
Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, ...
If you're someone who reads personal finance websites, you're probably familiar with the "save for retirement" mantra. And ...
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.
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