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Looking Back on the 2016 Social Security Year
Most of the country’s Social Security beneficiaries didn’t experience much of a change in 2016 in the way the program works and, unfortunately, in the size of their monthly benefit check, but for others there were some substantial changes. It was those couples approaching their retirement years and theorizing on the best way to maximize their benefits that felt the impact, as the Bipartisan Budget Act of 2016 made significant changes in the handling of strategies like “file and suspend” and “restricted applications.” Read a retrospective on 2016 posted by The Motley Fool’s Brian Stoffel here…