Posted on 11/24/2015 8:27:50 PM PST by FR_addict
A new law means that two claiming strategies will be off the table in the coming months.
The recent budget agreement did more than authorize the federal government to engage in additional borrowing, it also changed the rules for claiming Social Security. Going forward, two claiming strategies that had given some couples the potential for higher lifetime benefits will no longer be available.*
Closing the door on two strategies
What do you need to know? Social Security strategies are built around the fact that you can start to claim benefits as early as age 62, but if you defer, the benefit can grow—up to age 70. Each year you delay Social Security in that time frame, your monthly benefit will grow by as much as 8%. That growth adds up—a monthly benefit could be 75% more if benefits start at age 70 instead of age 62.
In addition to the basic question of timing, couples have additional choices, because an individual is entitled to his or her own benefit or a spousal benefit. ...
(Excerpt) Read more at fidelity.com ...
And they wonder why Trump is gaining momentum.
Seems like the screw is in:
Screw the Vet
Screw the old folks
Screw the American people
SS has always been a fraudulent ponzi scheme. I’m amazed that it has lasted as long as it has.
At my age (69), I hope it last a few years longer.
Flippin’ Kenyan bastard. He absolutely hates Americans. I guess that’s why the retarded, dumbass commie libs elected him. Twice. Hey Bonzo! That’s not who WE are!
Remember that all this had to pass both houses of Congress. Obama had many co-conspirators.
Yeah, he always likes to lecture us on “who we are”. Well, the little communist %&#$ doesn’t have a clue who we are and he sure doesn’t speak for me.
SS has gotten dems elected for years, the young people are going to get the shaft.
This scumbag is the first person ever to sit on his ass in the White House who has absolutely NOTHING in common with me and most other AMERICANS. At least Slick Willie liked the Beatles and I did too. That’s one thing we had in common.
Clinton admired the fairer sex. Perhaps not always in the best way, both within and outside of marriage, but it is at least some point of commonality.
Yes I think it was 150 billion. When in doubt rip off Social Security.
Us old farts are already getting the shaft ... I got a $4.00 raise this year and my cost of living went up 37%.
In short, every single thing obama has done has a primary or secondary goal to kill off white people, in particular elderly and sick white people. This is his transforming the country.
“At least Slick Willie liked the Beatles and I did too. That’s one thing we had in common.”
I hate to say it but the Obamanation of Desolation makes Slick Willie look good.
Slick, when his party lost an election moved to the center and became about as conservative G.W. Bush
I hated Slick at the time but he looks so much better now. Slicks real flaw was his wife.
True, but on the lighter brighter side liberal elites have plenty of money to bring in thousands of Syrian 'refugees'... AND according to Drudge we have the money to arm ISIS.
I agree.
Flippin' Kenyan bastard. He absolutely hates Americans.
Yep.
Plus 150 billion to iran so they can build nuclear weapons and kill us all
Placemark
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