Social Security
I know you always state to delay retirement to age 70 for the maximum SSI benefit.
My question is this? According to the 2023 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2034.
So what is the difference if I retire at age 65 get 75% of something. Or wait another five years and hope to get 100% of reduced payments?
Thanks.
Joe
Terry Says
Joe, They will print enough to get you your benefits. Or they’ll raise taxes.
Don’t change your plan. Wait as long as possible.
