Social Security has been struggling for years, but as we inch closer to the date that the trust funds will run dry, the situation is becoming even more dire.

Every year, the Social Security Administration Board of Trustees releases a report detailing the state of the program and predictions for the future. As expected, the program's trust funds are still struggling, and benefit cuts could be looming if Congress can't find a solution soon.

But just how soon could those cuts happen? And should you start taking benefits sooner than anticipated to protect your retirement? Here's what you need to know.

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Source Fool.com