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This last point is one of the key “pros” in favor of making Social Security optional, especially since the federal government recently passed the SECURE 2.0 Act, which, among other things ...
This requires increased revenues devoted to Social Security. Their plan, as with several other Social Security stabilization plans, relies on gradually increasing the retirement age, raising the ceiling on which people must pay FICA taxes, and slowly increasing the FICA tax rate to a peak of 15% total from the current 12.4%. [109]
42% of Americans said they plan to file for Social Security before their full retirement age while also continuing to work, according to a 2022 survey by the Nationwide Retirement Institute – up ...
“Social Security is broke beyond belief,” Laurence Kotlikoff told The Brink, Boston University's research news website. “Its unfunded liability is $65.9 trillion — twice the size of ...
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One of the most consequential dilemmas facing retirees about Social Security is determining the right age to claim. The earlier you take your benefits, the smaller your payments, but the longer you...
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