Part 7/8:
- Raising the Full Retirement Age: The full retirement age has already been raised from 65 to 67 and may be pushed further.
Each proposed solution carries potential advantages and disadvantages, creating a complex landscape of potential changes to the Social Security system.
Moving Forward: Maximizing Benefits and Preparing for Change
As discussions about Social Security and its financial viability escalate, it is essential for individuals to consider their financial strategies. Understanding how to maximize Social Security benefits, regardless of potential reforms, can help retirees prepare for an uncertain future.