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Strategies & Market Trends : Dividend investing for retirement
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To: Steve Felix who wrote (23837)11/2/2015 5:04:30 PM
From: Brian Sullivan  Read Replies (1) of 34328
 
Wow, that’s brazen. They took “file and suspend” out back and shot it dead. No warning at all.

We figured this technique to maximize Social Security benefits would be safe at least until the next president took office and Social Security’s looming bankruptcy would be too big to ignore.

Instead, it wound up in the fine print of the “zombie budget” Congress and the White House agreed on last week.

So how did we get here? As we said six months ago, it started as a line item in President Obama’s 2015 budget proposal.

In its own words, the budget “proposes to eliminate aggressive Social Security claiming strategies, which allow upper-income beneficiaries to manipulate the timing of collection of Social Security benefits in order to maximize delayed retirement credits.”

Oh, those naughty “upper-income beneficiaries” and their “manipulations”!

File and suspend works — worked — like this: Say you’re about to reach Social Security’s “full retirement age” of 66 and you’re eligible for $2,000 a month in benefits. Your spouse, meanwhile, is due to collect $700 a month in benefits.

Instead of following this path, you file and suspend — forgoing your own benefits until as late as age 70 while your spouse files to collect spousal benefits.

http://dailyreckoning.com/social-securitys-stealth-default/
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