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.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Steve is the number one online author and videographer of insurance content. During his 30-year career in the financial services industry,... More