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A few words of advice concerning Social Security Benefits
President Barack Obama wants to eliminate, as part of his proposed fiscal year 2015 budget, aggressive Social Security claiming strategies “which allow upper-income beneficiaries to manipulate the timing of collection of Social Security benefits to maximize delayed retirement credits.” Now, that plan to stop upper-income beneficiaries from claiming and then suspending their Social Security benefit may or may not become a reality. But what remains a reality, at least for now, is this: The incentive for waiting to claim Social Security until age 70. According to a series of just-released fact sheets and the like from National Association of Social Insurance, that incentive is significant...Read More