Changes to Social Security


The Bipartisan Budget Act of 2015 made two big changes to social security income strategies. First, the “File and Suspend” option will no longer be available after April 30, 2016. This was a way for married couples to allow the higher earning spouse to claim benefits at their full retirement age (FRA), but suspend them and allow benefits to grow to a later date. The second change is in the “Restricted Application.” This would apply to married couples that have reached FRA and who were eligible for spousal benefit as well as their own personal benefit. They can file a restricted application for spousal benefits only and delay their personal benefits. If you turn 62 after 2015, the Act eliminated this option. We suggest you check your benefits at www.ssa/gpv

We coming quarter as in the coming year, men with words will seek to make tigers. But these will usually be paper tigers. So don’t let yourself be distracted. We build your portfolios based on your goals and desires and we maintain that staying focused on the end result will ultimately give you the desired outcome you expect.



The information contained herein is based on internal research derived from various sources and does not purport to be statements of all material facts relating to the securities mentioned. The information contained herein, while not guaranteed as to the accuracy or completeness, has been obtained from sources we believe to be reliable. Opinions expressed herein are subject to change without notice.

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