In just a few short days there’s a new Social Security law that takes effect that may affect more than 37 million folks approaching retirement.
It all happens on April 30, 2016. It’s your last chance to use a little-known strategy called “file and suspend” which gives couples up to three to four years of extra Social Security benefits.
This loophole was slammed shut last November by President Obama but the good news is you still have until April 29 to take advantage of it IF you are age 66 or older.
It currently gives one spouse the ability to start claiming a spousal benefit while the benefit of the suspending spouse continues to grow at 8% a year, up until age 70.
Unfortunately, under the new law when one individual suspends his or her benefits, all benefits payable to a spouse or other dependents, will also be suspended.
The new law also eliminates the ability to request a lump-sum benefit back to the date of when benefits were suspended.
You can expect more of these loopholes to close after the November election—depending on which party takes office.
Fight Back Against Greedy Politicians—Get Every Penny You Deserve From Social Security
The good news is Matthew Allen, Co-Founder of Social Security Advisors has just put the finishing touches on a brand new course for us called Maximizing Your Social Security.
In this brand new course Matthew shares proven strategies and secrets to help you navigate the costly new changes signed into law by President Obama and help you get every penny from Social Security that you are entitled to including…
• What loopholes have been eliminated by Congress and other little-known savings options that remain
• The #1 most significant factor you MUST consider before filing whether you are single, married, divorced, or widowed
• How it’s possible to work AND claim Social Security benefits without penalty.
• I made a mistake when filing can I get a “do-over?” The answer is “yes,” but only if you catch it early enough
• The 7 most common filing mistakes that can cost you up to three-years’ worth of retirement benefits…and how to avoid them
And much, much more
Click here now for a special briefing on how you can maximize your Social Security before April 30.
Weiss Educational Services