07 31 2015
  8:24 am  
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The Wake of Vanport
Social Security benefits for a typical middle-income 65-year-old would be about $136 less a year under the new indexing

Even before President Obama released his budget proposal this week for the next fiscal year that begins Oct. 1, preliminary details about his plan to effectively cut Social Security cost of living increases has caused a firestorm among supporters who now feel betrayed.

Someone who is waiting tables, working in a nursing home, or doing private household work might not want, but need, to slow it down after 65

Discussions of the fiscal cliff also include discussions about ways to change Social Security and Medicare benefits in order to save money.  One of the proposals is to raise the Social Security retirement age to 70.  After all, some argue, there is nothing magic about 65 or 67, so why not push the rate up to 70?


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