Advisors are just becoming aware of the rules. Ken Davis writes, “The fact is that much of the strategic planning depends on a relatively new rule put into effect in the year 2000 as the “Senior Citizens' Freedom to Work Act of 2000”. Buried in that law is what is commonly known as the “file and suspend” rule. While it has been around for 12 years it is little known by most professionals and most beneficiaries. It is just now becoming a popular strategy to maximize Social Security retirement income.”
Ken and I talk through the this rule and others as well as the 81 calculations that need to made to ensure the best income scenario.
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Syndicated financial columnist Steve Savant hosts the weekly video talk show for consumers entitled, Right on the Money and anchors the weekend news update On the Money News.
Steve is also the host of the daily producer show, Thought Leaders. Steve is of the top online author and videographer of... More