Social Security Mistakes and 2033 Funding Concerns

While the Social Security Administration continues to face concerns over financial sustainability, with the trust fund projected to be depleted by 2033 and possible benefit cuts looming without congressional action, the focus has shifted to beneficiary behavior and understanding. Many retirees make costly mistakes, such as delaying benefits past age 70 or misunderstanding rules about spousal and widow benefits. Experts emphasize the importance of understanding key Social Security rules, including 'deemed filing,' to avoid confusion and maximize benefits. Beneficiaries can apply online, by phone, or in person, with each method offering different advantages depending on comfort with technology. The SSA maintains a strict payment schedule, and recipients should know their specific payment dates. Two-thirds of Americans rely on Social Security for retirement income, making informed decision-making crucial.