Insurance Q&A

April 29, 2013

Time is running out for Social Security’s “file and suspend”

Filed under: Financial Planning,Retirement,Social Security — rrroark @ 6:01 pm

Looming changes to the Social Security system meant to shore up its pending insolvency have created a renewed sense of urgency for maximizing Social Security benefits for high net worth clients. Because these clients are often financially secure enough to delay their Social Security benefits past the normal retirement age, when they can reap a higher benefit level, they have become the likely target of the impending Social Security reform. There is a strong possibility that the powerful file and suspend strategy for maximizing Social Security benefits will not survive the transition, so it is time to engage your retirement-aged clients in a Social Security planning discussion before it is too late.

Read the rest at Time is running out for Social Security's "file and suspend" | LifeHealthPro.


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