College Student
4 Ways To Get The Best ‘Net’ Cost of College
February 24, 2016
Retirement Planning - Assisted Living
Top 7 Senior Housing Options to Consider
February 28, 2016
Show all

Navigating Social Security Changes in 2016

Social Security

An article that appeared in FinancialPlanning.comNavigating Social Security Changes noted the following:

Two popular Social Security strategies are on their way out in 2016.

Tax planners refer to them as “claim now and claim more later” and “file-and-suspend” strategies, and both are going to end on May 1.

Each allows for the collection of benefits by a spouse while the other spouse defers payments to let their funds grow in one form or another.

The good news is that if your clients are already utilizing these methods, they will be grandfathered in. Similarly, if they are 66 or will turn 66 before May, they can still file for these strategies before the deadline.

They also may want to take advantage of two potentially endangered strategies: the surviving ex-spouse and widow collection options.

Continue reading the complete source article.

Richard Beidl
Richard Beidl
Richard is an international financial strategy expert and senior executive, and a nationally recognized Financial Services industry analyst, consultant, speaker and strategist. Since 2005 he has been President of Impact Partners, Inc., recently renamed Matrix Private Wealth Solutions Corp., a financial strategy firm specializing strategic financial & college advisory, and financial education. He is also President of Matrix Private Wealth Solutions Investments, Inc., a California Registered Investment Advisory focused on wealth management.

Leave a Reply

Your email address will not be published. Required fields are marked *