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Regarding the New Filing Strategies
The deadline is fast approaching for those still eligible to take advantage of loopholes that were closed with the budget bill late last year. “File and Suspend” and “Claim now, Claim more later” strategies are closed off for good starting April of this year. Even then, these strategies are still only available for those that meet certain criteria for filing. In order to still take advantage of these strategies you must be at least 66 years old by April 29th. There is no other way around this requirement and if you do not meet that cut off and you were planning on using these strategies then you will have to make other plans for retirement. For more information on this topic, visit this article by Thomas and Robert Fross with Forbes.
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