April 30, 2016 – Deadline for Expiring Social Security Benefit Election Options

As you may have seen in the news recently, the Bipartisan Budget Act of 2015 is putting an end to two lucrative Social Security benefit filing strategies.  The profitable strategies under fire are known as “file-and-suspend” and “a restricted application for spousal benefits”.  Under certain scenarios, individuals can take advantage of these strategies if they take action by April 30, 2016.  This deadline is causing a lot of headlines, confusion and questions among those eligible to receive Social Security benefits. Here is a summary of the changes:

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