Are Emerging Political Threats to Social Security Enough to Change Retirement Strategies?
A friend of mine recently turned 62. (A mere child.) Because I have written so much about the Social Security system over the course of my career, my birthday message to him included this: "You’re now eligible for Social Security retirement benefits. Grab ‘em before they disappear!!" I was kidding, except that I was not at all kidding. Indeed, I am fast approaching my full Social Security retirement age, and although I have not yet started to take my retirement benefits, I have recently begun to wonder seriously whether the chaos of the second Trump Administration might be reason enough to start claiming benefits sooner than would otherwise be warranted. Short answer: The political threats that emerged in the last year show no signs of abating, and everyone would be wise to think seriously about beginning to take benefits sooner rather than later. Republicans have wavered over time between trying to partially privatize Social Security and accusing Dem...