A Simple Social Security Strategy That People Can Still Use

Congress has recently passed the Bipartisan Budget Act of 2015 which will make major changes to Social Security. Under the new changes the “file and suspend” and the “restricted application” claiming strategies will be done away with. According to this article most people will not be impacted by the new rules because most people do not have enough savings to be able to delay taking social security benefits. Because the rules are continuing to change conducting accurate long-range retirement planning can be difficult, but it is still important to have a “dedicated Social Security Calculator.” In the face of an uncertain lifetime an effective Social Security Calculator can be a good way to optimize a person’s claiming strategy. To learn more about how to plan for Social Security benefits people should speak with an experienced estate planning professional.

See Darrow Kirkpatrick, There’s One Simple Social Security Strategy You Can Still Take To The Bank, Time, December 31, 2015.