Beginning in November, the Social Security Administration (SSA) will implement a significant rule change that will impact millions of Americans who are nearing retirement. Part of a law that has been in place for decades, the modification modifies when you are eligible to receive full retirement benefits as well as the amount you will receive each month.
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Your birth year is used by the SSA to determine your Full Retirement Age (FRA). You are eligible to receive 100% of your earned Social Security payment at that age. Read more...