US retirement age hits 67 by 2026: Early retirees to lose up to 30%...

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US retirement age hits 67 by 2026: Early retirees to lose up to 30% in benefits- what it means for social security income

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Starting in 2026, the full retirement age for social security will rise to 67, impacting retirement plans for millions. Early retirement at 62 could mean a 30% benefits reduction. Reforms enacted in 1983 addressed financial challenges, but trust funds may only cover full benefits until 2034, potentially reducing monthly payments.

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