Tag: Social Security’s Full Retirement Age (FRA)

Silhouette of scale with coins

The debate about Social Security has begun.  That’s perfectly appropriate.  The system is running a 75-year deficit, and the assets in the Trust Fund, which are temporally filling the gap between revenues and promised benefits, are projected to be depleted in 2035.  After they are depleted, revenues will be sufficient to cover only about thr…

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Abstract Most Americans enter retirement as married couples, and one spouse, typically the wife, outlives the other.  Many widows lack the income needed to maintain the standard of living they had when their husbands were alive.  Widows would generally have more adequate incomes if their husbands, who are typically the higher earner in the couple,…