Hi Larry - I'm single (never married) + will be reaching my full retirement age of 66 this year. Although I do not need the money, I worry that if I wait till 70 to collect, I may not receive the handsome sum that was promised to me all these years if the govt is strapped for money. Is it more prudent to start collecting this year to be sure I'm on the SS rolls ? Thanks !!

Hi,

I can't tell the future, but I would not recommend making decisions about when to start drawing benefits based on concerns about the long-term funding of Social Security. Social Security has been paying benefits for more than 80 years now, and I believe that Congress will find a way to fund the program to ensure payment of future benefits as promised.

Best, Jerry