Q: I was listening to Wes Moss on Money Matters and he mentioned that Congress was making changes to Social Security benefits– particularly, file and suspend. Last November I turned 66 years old. I filed for Social Security benefits and then suspended them. After that, my wife filed. I plan on taking my benefits again when I am 70 years old (November 2018). As it stands, does the change effect us?
A: Fortunately since you have already filed, the changes to the law should not impact your situation. Here is a link to an article that has a summary of the new legislation that we recently emailed to all of our clients.