Social Security – When to Apply: 1st in a series of 5

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Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

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One Response to Social Security – When to Apply: 1st in a series of 5

  1. Larry Frank, Sr. November 2, 2015 at 9:13 am #

    The new law ” Bipartisan Budget Act of 2015 * ” has removed two prior strategies that couples used to have since 2000. “File and suspend” and “Restricting the application to spousal benefits” are no longer viable strategies. The two strategies above were removed by the new law as “low hanging fruit” (most obvious opportunities because they are readily achievable and do not require a lot of effort) on Congress’ efforts to save money in the Social Security trust fund structure.

    Strategies for the divorced or survivors are still viable as are many other claiming strategies however.

    *Subtitle C: Protecting Social Security Benefits. Sec. 831. Closure of unintended loopholes.

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