Tag: Social Security
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Raising the full retirement age to 69 would cut Social Security benefits — and it wouldn’t save the program
Raising Social Security’s full retirement age by two years to age 69 would decrease individuals’ lifetime benefits and overall spending by the program, but...
Here are the 4 levels of wealth for American retirees — how do you compare?
Many Americans believe they’ll need an average of $1.46 million in savings to secure a comfortable retirement, according to a 2024 Northwestern Mutual survey.Don't...
Effort to force vote on Social Security bill stirs unrest in House GOP
A group of House Republicans is making a rare move that would force a vote on a bill to reform aspects of Social Security, stirring unrest in...
These 2 Social Security Changes in 2025 Could Put More Money in Retirees’ Pockets
Social Security serves as a key source of income for millions of retired Americans today. But even though the program has been around for...
A boomer said he’s struggling to survive on Social Security after retiring early to care full-time for his wife
Robert Papalia, 74, retired early to care for his ailing wife, Marie.The couple's $5,000 monthly pre-tax retirement income is strained by medical bills and...