Trump Promise: Social Security Releases 2018 Changes, Millions Affected
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Social Security Changes:
[1] Everyone already receiving benefits will see their monthly checks increase by 2 percent, the largest adjustment since 2012…
[2] For those born in 1956, the Full Retirement Age is increasing to 66 and 4 months, up from 66 and 2 months…
[3] If you choose to retire at Full Retirement Age, the maximum benefit you can receive is increasing 3.7 percent, from $2,687 per month to $2,788 per month…
[4] Taxable wage base increasing… In 2017, the first $127,200 was taxed. That cap is increasing to $128,700 in 2018. This means higher income earners will see slightly higher Social Security taxes in their paychecks…
[5] Printed annual statements that detailed your past yearly earnings, and your projected Social Security benefits at early retirement, full retirement, and delayed retirement ages, ended in 2017. Beginning in 2018, the only way to see your benefit projection is by creating a free online account at http://www.ssa.gov.
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