Is It Time to Claim Social Security Early? Here’s What Experts Say

Source: Investor's Business Daily

With the latest report showing Social Security may only be able to pay 77% of promised benefits by 2034, many Americans are wondering: Should I take my benefits early — just in case?

This article dives into that question, breaking down what the new projections actually mean and whether early claiming is a smart move. Financial experts warn against making rushed decisions based on fear. Taking benefits early can lock in a 30% reduction, and in many cases, waiting can still lead to better long-term outcomes — even if cuts happen down the road.

The piece also explores how Congress might address the shortfall, why health and longevity still matter most in timing your benefits, and how to prepare for potential income gaps.

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