Our daily roundup of retirement news your clients may be thinking about.
Social Security’s math is changing — here’s what to look for Although clients who turn 62 this year can start collecting Social Security benefits, their full retirement age is raised from 66 to 67, according to this article on Money. While they can still delay their benefits until the age of 70 and increase the monthly benefit payout in the process, the increment in FRA could reduce the increase of benefit. “At every age along the line [they] are receiving a smaller benefit” than they would have before, says a financial planner.
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