Uveil plan to keep Americans from claiming Social Security too early

Lawmakers have introduced a new plan to discourage Americans from claiming Social Security benefits too early.

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The proposal aims to incentivize people to delay claiming their benefits until they reach full retirement age.

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The plan would create a new tax credit for those who wait until full retirement age or later to claim their benefits.

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The credit would be available to individuals earning up to $50,000 per year and married couples earning up to $100,000 per year.

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Currently, Americans can begin claiming Social Security benefits as early as age 62, but with a reduction in monthly payments.

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The proposal is part of a broader effort to shore up the Social Security system, which is facing financial challenges.

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Critics of the plan argue that it could unfairly penalize low-income Americans who may need the benefits earlier.

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Supporters say it will encourage people to work longer and save more for retirement.

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