Ask Larry

Should I Take Benefits Early Because Of Social Security's Funding Problems?

I read that social security is only funded until 2035. With the way that the federal government is spending money, I’m not confident in their ability to keep it funded. That being said I feel I should start receiving benefit as early as possible. I know in a perfect world it’s better to wait to start collecting but it far from perfect. I’d like to hear your thoughts about the funding beyond 2035. Thanks

Hi. Larry does not believe that Social Security's solvency challenges should be a deciding factor on when to start drawing Social Security benefits. Here is a link to a recent article that explains his reasoning: https://www.cnbc.com/2021/10/27/social-security-news-headlines-should-no....

Best, Jerry

Posted: 
Oct 29 2021 - 1:11pm
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