Savings & Retirement
Getting the Highest Social Security Benefit Is More Crucial Than Ever
A new report says the Social Security Trust Fund’s ability to pay in full may run out earlier than forecast, making smart claiming strategies even more critical.
Photographer: Kevin Dietsch/Getty Images
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Americans could see promised Social Security benefits cut by 27% in just 10 years, which means that using the smartest strategies for tapping into your benefits is more important than ever.
Social Security’s trust fund will be depleted in 2033, a year sooner than previously estimated, according to a Friday report from the system’s trustees.