If you’ve been following our blog or other sources, you know that Social Security underwent significant changes in November of 2015. These changes directly impact Social Security filing strategies, including the strategy known as “file and suspend.” File and suspend allows a couple to coordinate filing in a way that one spouse could file and then suspend their benefits, allowing the other spouse to collect on spousal benefits.
There is good and bad news over file and suspend. The bad news is that the new changes to Social Security effectively remove this option. The good news is that people who are currently 66 or will be 66 by April 30th, 2016 may still be able to use this strategy before it disappears forever.
If you are interested in learning more about what you can do to qualify for file and suspend before the May 1st, 2016 deadline eliminates it forever, sign up to attend our Social Security workshop on January 14th and 16th. We will be covering the new changes to Social Security, file and suspend, restricted application, and a host of other issues related to building a retirement plan and ensuring you re maximizing your Social Security benefits. The workshop will be held in 6 locations: Denver, Colorado Springs, Loveland, Parker, Highlands Ranch and Arvada. Call 303-694-1600 or go here to sign up online.