When Congress passed the new budget deal October 30, it also included changes to the rules for claiming Social Security benefits. The new rules will end a popular claiming strategy that allowed claimants to receive more in benefits over their lifetimes.

The change will be fully implemented in the Spring of 2016.

If you are reaching full retirement age within the next six months, you still may have time to act under the old rules.

Read a summary of the changes in Liz Weston’s Money Talk column in the Los Angeles Times here. You can also read an article by Tim Grant of the Pittsburgh Post-Gazette here.


Discuss Your Situation

Call

412-531-7123

Contact Us Online

Related Posts

What is Power of Attorney (and Why Have One)?

What is Power of Attorney (and Why Have One)?

If you need some clarity on what exactly a "durable power of attorney" is, and why it's important to have one, watch the short video below. Here I give you my thoughts on what can happen if you don't have power of attorney, and why it makes sense to have one prepared...

Who has capacity to make a will?

Who has capacity to make a will?

Fundamental to the validity of any last will and testament is that the testator (person whose will it is, and who is signing the documents) had capacity at the time of execution. By statute, a testator in Pennsylvania must be “of sound mind” to make a will. (20 Pa....

Share This