The same legislation that permitted taxation of Social Security benefits also instituted a gradual increase in the full retirement age from 65 to 67. People who turn 62 in 2020 will still be eligible to claim reduced Social Security benefits, but they will have to wait they’re until 66 and 8 months to claim their full retirement age benefit amount. For those born in 1960 or later, the full retirement age increases to 67.
As the enormous baby boomer generation marches toward retirement, they are straining the resources of Social Security. Here are six ways the nation’s primary retirement income program will change next year.
As the enormous baby boomer generation marches toward retirement, they are straining the resources of Social Security. Here are six ways the nation’s primary retirement income program will change next year.
As the enormous baby boomer generation marches toward retirement, they are straining the resources of Social Security. Here are six ways the nation’s primary retirement income program will change next year.
