Social Sec. File and suspend is gonna end.

[MichaelB]

The last SS File and suspend thread was shut down due to off topic posts. Let's keep thine one on topic, many forum members are still interested.

[sherrywilliam]

Quote:

Originally Posted by MichaelB The last SS File and suspend thread was shut down due to off topic posts. Let's keep thine one on topic, many forum members are still interested.

yes I read the other was skeered to postbeing a ss spousal

[Ed_The_Gypsy]

I got mine.

Waiting for attacks on Roth IRAs now.

[Focus]

A wrap-up by Mark Miller, who does a great job of reporting on retirement-related issues:

"How file-and-suspend ended: Here’s the back story" RetirementRevised

From the article:

Quote:

Ok, here’s why the closing of the F&S window makes sense – and why it doesn’t really signal a broader shift in the way Social Security reforms are made. The budget act closes a loophole that is costing the Social Security Trust Fund $9.5 billion annually that it can ill afford. The loophole was created without Congressional intent with the passage of the Senior Citizens Freedom to Work Act of 2000.

He makes it clear that it really was unintended. I initially wasn't happy about the change, but I'm OK with it now.

[manerac]

Quote:

Originally Posted by Focus A wrap-up by Mark Miller, who does a great job of reporting on retirement-related issues: "How file-and-suspend ended: Here’s the back story" RetirementRevised

The alleged $9.5B yearly pricetag for F&S has been tossed out in other references without backup.

Another claim is that it only benefits a tiny percentage of SS recipients -- less than 0.1% causing "the unnecessary drain on the Social Security system", per this AARP article:

Budget Act Safeguards Social Security, Medicare for Older Americans – AARP

That would make 1/1000 x 60million = 60,000 filing for F&S, give or take, each collecting $158,000/year. Seems a bit high.