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The End of “File and Suspend”

If you have heard of the option “File and Suspend” there are changes coming. On November 2nd 2015 President Barack Obama signed a bill that cancelled this popular social security strategy within six months (180 days).
The file and suspend strategy has long been a well-kept secret to obtain “free” social security benefits. This strategy has helped couples get the most out of their benefits by having the higher income earner file and immediately suspend their benefits, therefore allowing their spouse to begin collecting spousal benefits and allowing their benefits to continue accumulating.
We are now in the phase-in period of this bill in which applicants for social security can still use this strategy, but it will soon no longer be available. If you have been advised to utilize this strategy please be aware of the aforementioned changes. For more details please contact us at Gainplan.

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Gainplan LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Gainplan LLC or performance returns of any Gainplan LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Gainplan LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

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