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GOBankingRates
Andrew Lisa

3 Social Security Penalties High Earners Shouldn’t Ignore

JohnnyGreig / iStock.com

Social Security lifts millions of seniors, children, disabled individuals and other vulnerable populations out of poverty, but it covers roughly 96% of workers, including many high earners. The program is a progressive system that takes more from and gives less to wealthier workers, concentrating benefits on lower-income beneficiaries who need the most help.

Be Aware: Social Security Full Retirement Age Went Up — Why It May Continue To Rise

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