File-and-Suspend Strategy Eliminated

By Jonnelle Marte The Washington Post - Nov 8, 2015

Washington — Married couples have no shortage of options for deciding when to collect Social Security benefits. But the budget deal President Obama signed into law Monday gets rid of one of the key strategies that has increased lifetime Social Security benefits by up to $60,000 for some high-earning couples. The strategy is known as file-and-suspend, in which one spouse could file to receive Social Security retirement benefits and...