File and Suspend

Can You Confirm This?

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Can you please confirm the Social Security (SS) strategy called “File and Restrict” is A). Is a different strategy than “File and Suspend”, the latter no longer permissible; B). File and Resyrict is still available. Two sources inform me File and Restrict is still available: They include 1). A SS agent in person during an on-site meeting & 2). an AARP SS expert who responded in writing. Two other sources inform me it is not available both were SS personnel, one on the phone & one st the front window of a SS office. Thank you.

Hi,

Can My Father File And Suspend So That My Mother Can Start Collecting Spousal Benefits Now?

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My mother is 69 this year (1949) and father is 65 this year (1953). My mother applied for early benefits at age 62. Since my mother is older than my father she was unable to claim spousal benefits which would have been a greater benefit than receiving benefits based on her earnings. My father plans to retire at age 66. I just learned about file and suspend - possibly a bit too late. Can my father file and suspend so that my mother can start collecting spousal benefits now? Or should they just wait to file until my father reaches full retirement age next year?

Is There Any Reason To File And Suspend At FRA Instead Of Waiting Until Age 70 To File?

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Hi Larry,

I have read your very informative book but still have one question. I am turning 66, was married less than 10 years, and have no dependents. I have the resources to delay taking my SS benefits until I turn age 70. Is there any financial or other advantage to doing that over filing and suspending at age 66? Conversely, is there an advantage or benefit conferred by filing and suspending at age 66 over filing at age 70? I understand about the effect on Medicare payments.

Hi,

Can I Start And Stop My Benefits Any Time?

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Larry,

I am originally from Nebraska, however have lived in California for a number of years. I was born in 1949. I have estimated my monthly SS benefit to be about $2500. I have read your information online and I value your input in response to my questions.

Can I start my SS benefit now and order it stopped anytime? ...can I then start it up again at anytime? What if creditors have tapped into my benefits?....can I still stop it and start again at anytime?

Can I Reinstate My Benefits Retroactively?

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I did File and Suspend before Apr 2016 (turned 66 in Sep 2015). My plan was to not take SS until I turned 70 (I have a military pension). Unfortunately for me, I now have cancer with a very low 10 year survival rate. I called our local SS office and asked how much my lump sum payment would be and was told that this payment option stopped. I thought that when I signed up for F & S before Apr 16 that this would still be there.

Hi,

I'm sorry to hear about your prognosis.