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 email@example.com.
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