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.