Social Security changes — devil is in the details
Jamie Patrick Hopkins
The federal budget deal that President Obama signed Monday eliminated 2 strategies that allowed married couples to share Social Security benefits in ways that could potentially increase their net income by more than $50,000 over their lifetimes.
These strategies, known as "file-and-suspend" and "filing a restricted application for spousal benefits," have allowed both halves of a couple to delay claiming benefits based on their own earnings records.
Phipps, Jennie L., "Social Security changes — devil is in the details" (2015). In the News. 554.