Social Security and the Rising Age of Retirement

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Why is the age of retirement rising?

Social Security and the Rising Age of Retirement

Many people look at the future of Social Security with worry. With the generation of “Baby Boomers” ready to face their golden years, many believe that there will be a tremendous burden on Social Security. One way that the government has decided to handle this is by raising the age of retirement. Seniors today are staying in the work force longer and choosing alternative means for retirement planning. The longer you wait before receiving Social Security, the larger your benefit will be.

   

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