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  • 'File and suspend' option to end

    Charles Klimas, Klimas Financial Services|Updated Mar 3, 2016

    May 1 is the deadline for couples who have turned 66 by Dec. 31, 2015, to exercise an option called “file and suspend.” Also, couples, when one is 66 and the other is at least 62 as of Dec. 31, 2016, are eligible to file and suspend. New legislation will bring that strategy to an end on May 1. Many people have been exercising this strategy with their prospect of living longer. The strategy works like this: The one with the most Social Security files at full retirement age — FRA. The one with less Social Security files a res...