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If you are like many Americans, you’ve worked and contributed to the Social Security system for most of your life. When it comes time to start thinking about taking Social Security income and what factors to consider, it is important to think through the pros and cons of this decision. It will not only impact your income for the rest of your life, but potentially the income of your surviving spouse.
The rules have changed considerably in the last few years, and it’s important that Americans are educated on this once-in-a-lifetime decision.