Last week President Obama signed the 2016 budget deal which included several surprise provisions for Social Security. The two biggest changes will be to the “file and suspend” strategy and the ability to file a “restricted application”. The loss of these two strategies will affect many Americans’ retirement plans as they were relying on these […]
Q&A: Can I Collect Spousal Benefits First, Then Switch to My Own Benefit Later?
Q: My husband and I will be 66 in the same month and will each be able to draw Social Security on our own records. My full month amount is equivalent to my drawing one-half of my husband’s monthly benefit. Can I opt to draw one-half of his until I am 70, thereby increasing my […]