Mark Hubert's recent Market Watch column, It Might Be Better to Take Social Security at 66, Here's Why, suggests that taking Social Security at 70 might be a big mistake. Social Security is broke and Uncle Sam may cut benefits. I'd expect the Democrats will raise Social Security benefit taxation, either directly or indirectly, but not cut benefits. Roughly one fifth of the elderly subsists on Social Security and it's the main source of financial support for roughly half. But I trust our tool, which has been repeatedly ranked the top Social Security tool on the web.

Source: Forbes November 25, 2018 22:07 UTC