Social Security Fundamentals
Published On: February 7, 2019
Written by: Ben Atwater and Matt Malick
Recently several clients have reached out to us with inquiries about Social Security. Although parts of Social Security are complex, the following basic facts about the program can provide you with an excellent foundation.
There are some unique strategies to maximizing Social Security, which occur when dealing with survivor benefits and when working while collecting before full retirement age, etc. In 2015 Congress eliminated the two most beneficial Social Security workarounds: File & Suspend and Restricted Applications.
Today, Social Security is more of a back-to-basics approach, whereby one decides the best time for each spouse to claim Social Security benefits. Part of our retirement planning analysis is a detailed breakdown of when to claim Social Security. If you’d like to discuss your Social Security strategy in more detail, please contact us.
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