What You Can Do About Reduced Social Security Benefits
Short of voting for candidates who pledge to shore up the Social Security system, there’s little you as an individual can do to stop reductions in Social Security payouts. However, there are steps you can take to soften the blow if reductions are coming.
Maximizing your earnings will help increase your lifetime benefit, so one option is to get a side gig to bring in more money. Delaying your benefits until at least full retirement age or later can also up your lifetime payout. As of 2019, the full retirement age for Social Security purposes was 67 for those born in 1960 or later. Delaying your benefits until age 70 will increase them even further.
