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Beneficiaries who postpone claiming Social Security past full retirement age have the option of receiving a lump-sum payment for up to six months of benefits when they finally apply.
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Even small online purchases that are shipped from outside the United States must now pass through customs — and are likely to incur duties.
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Roth accounts offer no current-year tax benefit, but they can provide tax-free retirement income.
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According to this year’s Trustees report, Social Security recipients might face a benefit cut in 2034 unless Congress acts soon to strengthen the program.