Join Early Retirement Today
Thread Tools Search this Thread Display Modes
SS File and Suspend for Singles
Old 12-06-2014, 10:09 AM   #1
Full time employment: Posting here.
Join Date: Apr 2006
Posts: 925
SS File and Suspend for Singles

I never gave much thought to my SS filing options since I am single and healthy: Basically, wait until 70 to file and collect unless my $$$ or my health runs out before that.

But, this month's Kiplinger had a tidbit that modifies my strategy: File and suspend at my full retirement age to keep the option open of a lump sum payout if something happens between my full retirement age and age 70.

You can read a summary of the article online at the Kiplinger site if you like, the paper magazine article is much longer: The Power of Filing and Suspending-Kiplinger

A warning about this link: They occasionally have good information like this; but, I absolutely hate the site design, way too busy with pop-ups, videos, etc. for my taste. You have been warned.

Apologies if this has already been posted or is already well known by everyone but me; however, since it was new and interesting to me, I decided to post hoping it will be beneficial to others.

If there's one thing in my life that's missing; It's the time I spend alone
Sailing on the cool and bright clear waters; There's lots of those friendly people
Showin me ways to go; And I never want to lose your inspiration
CoolChange is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-06-2014, 12:33 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2005
Posts: 5,464
this has been discussed here many times. most folks do not know singles can do a file and suspend.

if they do this at fra and find 2 years later they need a roof or are ill they can get a lump sum going back to fra. they then get adjusted lower going forward.

they have zero claim to this money if they did not do a file and suspend.
mathjak107 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
File and Suspend versus File and Restrict Chuckanut FIRE and Money 12 10-18-2014 07:19 AM
I signed up for file-and-suspend, but they didn't suspend Ed_The_Gypsy FIRE and Money 25 01-03-2014 01:15 PM
File for SS at 62, Draw Until FRA and Suspend to get Delayed Retirement Credits Brett_Cameron FIRE and Money 23 11-27-2013 05:48 PM
SS File and Suspend scenario for us fh2000 FIRE and Money 7 09-10-2013 10:47 AM


All times are GMT -6. The time now is 01:18 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.