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« Why women need an estate plan | Main | Elder abuse – a growing problem »

June 11, 2008

Comments

Leonard W. Barry, MS

I have a client who recently tried to file and suspend, but the person at the Social Security office hadn't heard of this strategy and didn't allow my client to do it. Do you have any practical suggestions for how to file and suspend, given that many Social Security staffers are probably unfamiliar with this?

Thank you very much!

factchecker

The only issue is that you have to pay taxes on ss benefits up to 85% and the tax is NOT inflation adjusted, therefore taking benefits early makes sense.

They should allow everybody to claim and suspend
after all, the reasons for allowing folks to do so after fra ,was that increased payroll taxes would benefit ss, giving social security is actuarial
sound, why have an earnings test, and its not like folks at 62 are disabled and folks at 66 aren;t

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