Social Security changes are coming soon — you may need to plan now!

You may have already read that the government will end the file-and-suspend and restricted application claiming strategies for Social Security.

My colleague and friend, Michael Kitces, who is unarguably one of the nation’s top financial planning researchers, put together an excellent detailed analysis on the changes along with providing this excellent chart on SS claiming strategies by age. He recently gave me permission to share it with you.

If you’re planning to claim Social Security benefits in the near future, I encourage you to review his work.

Navigating the effective date deadlines for the new file-and-suspend and restricted application rules, Michael Kitces, Nov. 4, 2015

MICHAEL DUBIS is a fee-only CERTIFIED FINANCIAL PLANNER™ and president of Michael A. Dubis Financial Planning, LLC. He also previously served as part-time lecturer at the University of Wisconsin Business School James A. Graaskamp Center for Real Estate. Mike can be reached at financialperspectives@gmail.com.

Disclaimers: This article contains the opinions of the author. The opinion of the author is subject to change without notice. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This article is distributed for educational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products or services described in this website or that of the author’s.

Mike Dubis does not guarantee the relevancy, appropriateness, or accuracy of any outside information or links. Mike Dubis does not render or offer to render personalized investment advice or financial planning advice through this medium. All references that might be made to an investment or portfolio's performance are based on historical data and one should not assume that this performance will continue in the future.

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