The Social Security fund is facing an earlier depletion date, now projected for 2034. This shift could lead to significant changes in retirement benefits, urging Americans to reassess their financial strategies.

Key Points Claiming Social Security at age 62 reduces your benefit by up to 30%.The average 62-year-old claimer got $1,341.61 per month as of December 2024, though the average is likely a little higher now.

Scott Coulter got little traction on his idea to avert the trust fund’s insolvency, accelerated by the tax-and-spending bill.