Whenever an individual claims Social Security early, they are subjected to lower benefit payments. Luckily, there are things that can be done to increase benefit payments again.
If nothing is done to secure the future of the Social Security program, beneficiaries are looking at lower payments.
Experts have been researching long-term affects of COVID-19. Studies are finding that older adults are more likely to develop long-term health conditions.
Full retirement age, or FRA, dictates when an individual is entitled to the entirety of their benefit payments. Thankfully, this age will be steady from here on.
Politicians in Washington continue to hesitate to find a solution for the impending insolvency of the Social Security program.
