Stealth Social Security Cut to Start in 2017

[AnnieA]

For all the people who keep saying "there won't be any SS for me when I retire. The current seniors are using it all up.......". I keep preaching to my children and grandchildren about education and saving. Some are doing the right things, others, not so much. Especially some of the g-kids.


This Stealth Social Security Cut Will Start in 2017 | Fox Business

Social Security has been the target of many proposals aimed at helping to make the program more financially sustainable. What many Americans don't realize is that the laws that are already in place will start taking effect for early retirees in 2017, and they'll have the effect of reducing benefits below the level that current recipients receive. Below, we'll explain just how much these benefit changes could cost you, but first, let's look at how these provisions became law in the first place...snipped....

The MOtley Fool

[d4g4m]

That article is a convoluted way of explaining the changes made to S.S. in 1983 and there's nothing 'stealth' about it.
If you were born after 1954, your age for full benefits is 67 years old. If you decide to collect benefits between age 62 to 66, your benefits are proportionally reduced. On an actuarial basis, the amount received is even at about age 78