Planning to Claim Social Security at 62? It May Not Be an Option.
You may have heard that Social Security is deep in the throes of a financial crisis. That's a pretty fair assessment.
Because of a mass exodus of baby boomers from the workforce, Social Security is expected to face a revenue shortfall in the coming years. This shortfall may be so substantial, the Social Security Administration (SSA) won't be able to keep up with scheduled benefits without tapping its trust funds.
Thankfully, Social Security has cash reserves it can fall back on. But that money will only last so long.
Source Fool.com
