Any married couple with one spouse age 66 prior to 4/29/16 is still eligible for the social security strategies “file and suspend” and “restricted application”.  The combination of these strategies could have a substantial impact on your retirement income and estate planning.  Please click here to see a previous blog post with an illustration to better explain.  Keep in mind, this isn’t just about increasing your social security benefit.  Every dollar increase from social security may mean a decrease in dollars needed from retirement and savings accounts.  This could mean retiring earlier for some or simply more guaranteed income during retirement years.  There are several different ways to use these strategies and it can be confusing.  If you are interested in an illustration please call our office at 703.352.1780 or email me with “SS ILLUSTRATION” (all caps) in the subject line at bradkaplan@kaplanwealth.com.

Be clever with your benjamins!

Written by:  Brad Kaplan

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(703) 352-1780