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As Social Security Faces Major Changes in 2024, Here Are 8 Rules That Remain Constant

The Social Security program seems to face constant changes especially lately. A new Social Security reform bill (HR-4583) was recently introduced to the House of Representatives, and could include. ....

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Chart: What Will Your Social Security Penalty Be If You Retire Early?

The sooner you retire, the sooner you can start spending more time on leisure activities, family outings and other enjoyable and rewarding aspects of life. However, the age at which you decide to retire significantly affects your Social Security benefit. Early retirement means immediate access to funds but the financial penalty could possibly imperil your […] The post Social Security Benefit Reduction for Early Retirement Chart appeared first on SmartReads by SmartAsset. ....

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Happy Birthday, Social Security: Celebrate by Avoiding These Three Mistakes

As Social Security commemorates its 88th year, here are a few things to keep in mind when you start thinking about claiming benefits. As today (Aug. 14) marks the 88th anniversary of our national Social Security system, we can revel in the fact that millions of Americans have been afforded financial protection in their retirement years. Unfortunately, that level of protection has waned due to several factors, including longer average life spans, a shift in the balance of contributions and the wi ....

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Social Security: There Are '100 Million Different' Ways To Claim Your Benefits — Which One Gets You the Most Money?

The Social Security web page that lets you apply for retirement benefits looks simple enough. It is broken down into three seemingly straightforward sections: "Getting Ready," "Apply & Complete". ....

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Build Your Social Security Claiming Strategy – Don't Guess, It May Cost YOU!

Determining when to take social security can be confusing. Keep reading to learn how you can make the best claiming strategy to maximize your benefits. ....

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