Reported 4 months ago
As the Social Security program nears depletion of trust funds by 2035, potential benefit cuts of 17% might occur, prompting individuals to consider taking benefits early. However, it's advised to weigh the decision carefully as benefits won't completely disappear; the program is projected to cover 83% of future payments. Delaying benefits to full retirement age or even age 70 could provide a larger monthly check, serving as a cushion against future cuts and ensuring financial stability during retirement.
Source: YAHOO