The end of File and Suspend (and alternative Social Security strategies)

Reporter: David LaMartina

Publication: ThinkAdvisor


Deadline: Jun 16, 2017 12:00 pm

In the past, file and suspend was an excellent strategy for couples to leverage each other’s benefits and maximize their own. However, this strategy, along with the restricted application, came to an end last year. This article will briefly discuss these strategies and why Congress decided to get rid of them, and then offer readers (other financial advisors) some alternative strategies they can use with their retiring clients. What are some alternative strategies married couples can use to maximize their Social Security benefits, now that file and suspend has come to an end? Are there situations (based on birthdate, Social Security distribution dates, etc.) that still allow for file and suspend in any way? Overall, how can advisors help their married (and even divorced) clients maximize their Social Security benefits and overall retirement income? Requirements: I’d like to speak with financial advisors who frequently advise clients on their Social Security strategies, and who have had to find alternative strategies to file and suspend.

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