Social Security’s File and Suspend Strategy
See how filing for and suspending Social Security can impact your long-term benefits.
This strategy was impacted by the Bipartisan Budget Act of 2015. To use this strategy, an individual must be at full retirement age and have filed and suspended his or her benefit by April 30, 2016.
This common Social Security filing strategy allows a married couple to maximize their long-term combined benefits by leveraging delayed retirement credits. This video includes an example to help you visualize how this filing strategy works and if it may be a fit for you.
Want to learn more? Download our guide, Social Security Simplified: Select the Right Options to Help Maximize Your Income, to make more-informed decisions around your Social Security benefit, including:
- Your options for claiming Social Security.
- How each option can significantly affect your benefits.
- Five key considerations when evaluating your Social Security options.