The rules of Social Security engagement

By Steve Savant

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.