Confused about your options for applying for Social Security Benefits?
Wondering what the best strategy might be?
You're not alone!
The folks at Kanawha Capital Management have come up with an excellent Social Security overview, which appeared in the Second Quarter 2013 issue of their newsletter Kanawha Currents.
The particular issue noted above is at http://www.kancap.com/current/2nd-quarter-2013.
It's an excellent starting point for anyone considering their options.
Note: some folks in Washington are making noise about changing the rules to eliminate what they consider "excessive" benefits. Translation: they're not happy with any benefit maximization strategies. Keep alert for new developments....
11/12/15 Update: Recent legislation will end the "File & Suspend" strategy - always check the current rules before making any decisions!
Disclaimer: I am not affiliated in any way with Kanawha Capital Management, LLC, nor is there any referral agreement or any other form of compensation involved. Some of my clients use their services, and I, like many others, am on their mailing list. I am merely passing this information along because it may be of interest to you.
I do not recommend any specific financial advisor or firm over any other.
As always, consult your tax and financial services professional before taking any action on this or any other information.