How The New Social Security Rules Will Impact File And Suspend

This column examines the impact that the new Bipartisan Budget Act of 2015 will have on the file and suspend strategy for Social Security. There are very bad things that can happen if somebody files and suspends at the wrong time. In this article Laurence Kotlikoff answers a series of questions about the file and suspend rules and how they apply to certain unique circumstances. People should speak with an estate planner about how the new file and suspend rules will apply to their own financial situations. It is important to update estate plans to adapt to the new regulations. Carefully planning ahead will help people avoid certain problems in the future that are discussed in this article. This article provides resources that people can use to learn more about how the new rules will impact their Social Security benefits when they retire.

See Laurence Kotlikoff, Social Security Q&A: How Do the New Rules Affect File and Suspend?, Forbes, December 20, 2015.