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Is Social Security safe? Yes and no. In 2027 the social security fund will be exhausted and it's estimated that existing taxes will be able to fund 76% of benefits. That means when you look up your projected social security benefits (anyone can do this at any time via their website), you're probably best off multiplying the number by .76, that is if you're 48 years old or younger. But regardless of your age, you'll need to make a decision about when to collect social security benefits. This is different from when you want to retire. That's because retirement and filing for social security are two different things. You can retire as early as you want, but you can't file for social security until you're at least 62. At that time should you decide to file you'll only receive 70% of your benefits. However, if you wait until age 70 then you'll actually receive 124% of your benefits. While waiting to collect social security benefits sounds intuitively better, it's probably not the best choice if interest rates are about 2% and you expect to live until average life expectancy. It's all explained in this comprehensive video with the basics of filing for social security benefits.

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