Tag: full retirement age
The reduction in benefits for some people who collect Social Security while simultaneously working is frequently called a “tax.” It is not a tax. Under a Social Security rule known as the Retirement Earnings Test (RET), some benefits are withheld if the worker earns above a certain level – $19,560 in 2022 – and has…
And raising the Full Retirement Age from 67 to 70 would be the worst way to cut them. The American Academy of Actuaries – a group of usually sober and sensible people – recently issued a brief making the case for “Raising the Social Security Retirement Age.” Their argument is straightforward. Social Security is…
