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Social Security 2020: Big Changes Are Coming
About 64 million Americans collected Social Security benefits in 2019, making it the largest single item in the annual federal government’s budget. Although you will most likely not be able to maintain your current lifestyle on a SS benefit alone, it can make up a significant portion of your income and is guaranteed for as long as you live. Despite its importance, only 4% of retirees claim SS benefits at the optimal time. That’s why it’s important to know the rules of SS and how to use them to your advantage.