It was back in 2010 when I heard a Social Security expert mention the terminology “file and suspend.”
It immediate captured my imagination, as it was the first inkling I had that:
- Social Security is complicated.
- You can approach claiming with actual strategies in mind.
- There are some really neat tricks available – like file and suspend!
It took some serious study before I truly understood how the technique works, when it is and isn’t available, and why one would use it. So it’s not surprising to me when I hear clients, as well as their professional advisors, throw the term around recklessly and inappropriately. Read more.