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New proposal aims to shore up Social Security by capping benefits at $100K
News April 07, 2026 at 11:59 AM
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What You Need To Know
- The Six Figure Limit would provide a new option to improve Social Security solvency, a think tank says.
- The benefits cap would be set at $100,000 for a couple and $50,000 for a single retiree.
- Capping benefits "basically is 'means-testing' Social Security," says Max Richtman.