Congress Just Passed a Social Security Change Retirees Need to Know

2 weeks ago 7

Rommie Analytics

One of the most important numbers in retirement could soon look very different on Social Security documents. Congress has passed legislation that would replace the familiar terminology surrounding Social Security claiming ages with language designed to make one thing much clearer: the age you start collecting can permanently change the size of your monthly check.The bipartisan Claiming Age Clarity Act cleared the Senate this week after previously passing the House and is now headed to President Donald Trump for his signature.The legislation does not change when Americans can claim Social Security or the formula used to calculate benefits. Instead, it...
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