Are there rule changes I should know about?

Should you be­gin tak­ing checks at 62, 65, 67, or 70? Here are the fac­tors that can help you de­cide.

The Week (US) - - News 17 -

One fa­vorite trick of early fil­ers, known as file-and-sus­pend, is no longer an op­tion. Fil­ing and sus­pend­ing al­lowed you to file for ben­e­fits at full re­tire­ment age and then im­me­di­ately sus­pend them. A spouse then re­ceived spousal ben­e­fits on your record while your ben­e­fits ac­crued value and the spouse’s own ben­e­fits were also de­layed. This com­plex loop­hole was elim­i­nated by the Bi­par­ti­san Bud­get Act of 2015. An­other more re­cent change: an in­crease in the amount of money a worker younger than full re­tire­ment age can earn be­fore he or she has So­cial Se­cu­rity ben­e­fits re­duced. If you are col­lect­ing pay­ments be­fore full re­tire­ment age, you can earn up to $17,040 in other in­come. Af­ter that, $1 in ben­e­fits is with­held for ev­ery $2 earned above the limit.

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