When you provide your opinion about when people should take SS, do you factor in at all the fact that the pot will run dry and that at some point Congress may cut benefits? I am fearful of this happening and am wondering if it is not better to file sooner than later, even though my monthly checks will be smaller, just in order to be "grandfathered" in to the system. What are your thoughts about this? Thanks for all your advice!!!!
No, the maximization software on this site will tell you the best filing strategy based on current Social Security laws.
In my opinion, you should not make filing decisions based on anticipated future changes in the law that may never happen. When Congress does amend the Social Security laws, there is virtually always a 'grandfather' provision for people already eligible for benefits, regardless of whether or not they have actually already filed for benefits. So, filing earlier than you want to may do nothing for you other than locking you into a reduced benefit rate.