Worried About Social Security Cuts? Here's 1 Thing You Don't Want to Do.

Concerned about potential Social Security cuts? The article argues that filing for benefits early may reduce what you ultimately receive, even if lawmakers prevent the full impact. It cites the Social Security Board of Trustees warning that benefits could need to be cut by 22% in just a few years if Congress doesn’t act. The piece notes that the earliest age to claim is 62, but monthly payments are reduced until full retirement age—67 for people born in 1960 or later. Filing at 62 cuts monthly benefits by roughly 30% compared with waiting until 67, leaving less room to absorb any later 22% adjustment. It says claiming early can still make sense only in limited situations.