JUST RELEASED! Social Security CUTS in 2023 NEW BILL SSI SSDI SSA 2023 In a recent video, the impact of raising the full retirement age to 69 was discussed. If the retirement age is raised, early retirees will receive fewer benefits. For example, if the full retirement age is 67 and a retiree chooses to retire at age 62, they will receive 70% of their full benefits. However, if the full retirement age is raised to 68, the retiree will only receive 65% of their benefits. The impact will be felt by those who are not currently receiving Social Security but plan to within the next 10 years. Social Security is slowly decreasing the benefits offered, and politicians need to address the issue.
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