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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (23837)	10/31/2015 6:12:56 PM
From: JimisJim	Read Replies (1) of 34328

Yeah... wrt the changes in SS, some months ago I posted here that I'd paid $40 for a SS analysis and how to max out total income (over the remainder of my life) from SS and I got a very detailed report that compared 3 different scenarios... one scenario that would have generated $60,000 more total income over the next 20-25 years (the best outcome of the 3) relied on me filing at 66, collecting for a year (I found that interesting) and THEN suspending, while my wife would begin collecting spousal benefits from my SS the year I filed (65), and then I would resume collecting at 70... I was of course familiar with the file and suspend thing, but would not have thought to file at that age, collect for a year and then suspend to max out... I should also remind that my wife is not eligible for SS as she has been a teacher for 40 yrs., so our situation is not directly addressed (I think) by the changes -- I will probably re-run the analysis (the $40 was good for a year of unlimited runs/analysis/scenarios) as it is clear the changes are aimed squarely at two-income couples who paid into SS... The other disturbing aspect for me is that the rules change only apply to people born 1953 or later (that would be my wife's birth year) and/or impact people the year they turn 62, which is next year for me -- almost seems like they are picking specifically on my wife and me.... and more irritating is that there wasn't much warning that they were going to make these changes and I'd bet a lot of folks like me out there (esp. my age) have been planning their retirements around the file and suspend thing for many years -- I know I have been...

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