Dear Rusty: I’m always hearing rumors of Social Security imploding — of people my age getting benefits but not the younger as they have time to do something else. I wonder if I file in December for 50% of my spouse’s benefit, and later, before I turn 70 and change to my own benefits, if SS goes bust will I lose what I would have been able to claim under myself? I understand that you would only be guessing to answer that. From what I’ve read, it seems that 20% reduction will be necessary across the board. I do not trust politicians who love to play Santa to get reelected.
