Social Security 'file-and-suspend' strategy ends in April

There is yet another financial planning deadline looming on the horizon. Congress was nice this time — this newest deadline occurs when the snow melts by April 30, 2016. Nonetheless, time seems to move at an accelerated pace and May will be here before you know it. For that very reason, planning around the latest rule changes regarding Social Security is something to act upon well before then.

To begin, Social Security presents complexities that are not fully recognized by most people. Many retirees consider Social Security a benefit that is simply started at a particular age. Most commonly, surprisingly, people apply at the earliest eligible age of 62.

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