Deciding When to Start Collecting Social Security
With the new rules taking effect, many couples are wondering how it changes when they plan to start filing for Social Security benefits. This decision got a little more complicated once the file and suspend strategy was shut down, a strategy that was being used for the last 15 years. Fortunately, this strategy is still available to those that file before April 29 of this year, however, everyone who is not eligible will have to go back to the drawing board if they were planning on using this loophole. There is now no clear cut best way to file, each individual’s situation will dictate how is the best for them. For more information on this topic, visit this article by Kate Rooney with Financial Advisor.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.