You May Be Able to Claim Social Security Benefits Now and Claim More Later
If you are married, there is a strategy that may allow you to claim some Social Security benefits immediately and then claim...
Read moreA new law that will go into effect on April 30, 2016, is phasing out the file and suspend and claim now, claim more later strategies. For more information, click here.
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While collecting Social Security benefits may seem straightforward, there are actually several strategies for collecting benefits -- especially if you are married -- that can increase your retirement benefits.
There are three basic options for when to start taking Social Security benefits: You may begin taking benefits between age 62 and your full retirement age, you can wait until your full retirement age (which varies by your age), or you can delay benefits and take them anytime up until you reach age 70. The longer you delay, the higher your benefit will be. If you are married, you have a fourth option: You can collect spousal benefits instead of collecting on your own record. If your spouse earned considerably more than you, this can be a very attractive choice. For more information about spousal benefits, click here.
While there are four basic options for collecting benefits, there are ways to combine these choices to provide even more options. Here are three of the top strategies that you can use to maximize your Social Security benefits:
For information on a book that explains these strategies and more, click here.
For more information about Social Security, click here.
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