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One of the most lucrative Social Security strategies for married couples is being eliminated
November 5, 2015 /
The strategy is known as file-and-suspend, in which one spouse could file to receive Social Security retirement benefits and then suspend the payouts. That allows both people to delay Social Security retirement benefits while one person collects spousal benefits based on the other’s work history.
The couple could essentially live off the spousal benefits and other savings until they could both receive larger Social Security retirement benefits at age 70. (Social Security retirement benefits grow by about 8 percent for each year beyond full retirement age that a person delays collecting, up until age 70.)
By Jonnelle Marte
MATR Supporters (view all)
Posted in: Government News & Events
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