Will The New Social Security Laws Impact Your Retirement
President Obama signed into law several changes to the social security benefits. As of November 2, 2015, the bipartisan Budget Act of 2015, subtitle C, section 831 of the bill phased out the "unintended loopholes" known as the file and suspend application for a spousal benefit which was originated by Congress in 2000.
These new laws will be implemented during the year 2016. It will not affect those who are already receiving benefits and are over 70 years of age. Those who are between the ages of 66 and 69 and have suspended their benefits before April 30, 2016 will also not be affected. Most of the new laws will impact recipients who are not 62 years of age by December 31st 2015.
There is going to be a FREE educational workshop held at Corona Public Library located at 650 S. Main St in Corona CA 92882. There will be two sessions. The first one is scheduled for Wed, June 15th at 6:30 pm. The second one is scheduled for Wed, June 22nd at 6:30 pm. Attendance is free, but seating is limited due to high interest. RSVP is highly recommended. Register by calling 888-814-0078.
image from Ralphie S.
Get your questions answered by the experts. Mark Billes, the president of safe and secure retirement and insurance services will be hosting the workshops. Deciding when to apply for your social security benefits might be the greatest decision you make shortly. When you apply will impact how much you receive and how much your spouse will be able to apply. A wrong decision can impact your retirement in the thousands. Come and learn how the new laws might have impacted your benefits. Find out the strategies that can maximize your social security benefits and when is the best time to apply for your benefits.
Will The New Social Security Laws Impact Your Retirement?