Canceling Social Security Checks Before the Age of 67
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Canceling Social Security benefits before the age of 67
In this video, we’re talking about a plan that is floating out there where they are suggesting canceling the ability to claim Social Security benefits prior to the age of 67 or full retirement age. This is a plan that is being discussed in an effort to increase Social Security solvency and to make sure that this program has enough money to pay promised benefits for many more decades into the future. As a result of this, we completely recognize Social Security benefits can be claimed as early as the age of 62, however with this plan they would eliminate the ability to claim these benefits prior to full retirement age, this would be a very bad plan for most beneficiaries but we’re discussing what they want to see here as this would force individuals to remain in the workforce for several more years until they achieve full retirement age as well as saving Social Security hundreds of billions of dollars over many years. This is a plan that they are discussing and in this video we’re discussing all the details as well as the likelihood of something like this actually happening and what it would mean for Social Security beneficiaries, this is a Social Security update, SSDI update, SSI update, low income benefit update, Social Security administration update.
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