A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

When it comes to Social Security, 2020 is a bad year to turn 60.

Title: A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

Article Snip: "...As a result, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene. Will today's 60-year-olds be spared a reduction in benefits? A couple of bills have been introduced to adjust the formula used to calculate Social Security benefits, thereby saving today's 60-year-olds from a lower monthly benefit for life. The Social Security COVID Correction and Equity Act..."

Reference: www.fool.com
social security, H.R. 7499: Social Security COVID Correction and Equity Act,