Reported 2 days ago
Significant changes to Social Security will affect those retiring in 2026, including an increase in the full retirement age to 67, a rise in the taxable wage cap to $183,600, and the introduction of a new Senior Deduction. To prepare, individuals should recheck their benefit estimates, consider the timing of their claims, plan for tax changes, manage withdrawal strategies, and set up direct deposit for their benefits. Taking these steps can help retirees avoid financial surprises and ensure a smoother transition into retirement.
Source: YAHOO