Social Security planning has become an increasingly complex area of financial planning.  As more couples reach retirement age, it’s important to review all the scenarios to maximize your hard earned Social Security benefits.

Mary Beth Franklin, editor of Investment News, explains how “with the right elections, married couples can dramatically up their (Social Security) payouts.”

The strategy of filing and suspending can allow a spouse to collect some benefits immediately, while allowing future benefits to build.  “By filing and suspending, you are telling the Social Security Administration that you want to file for the purpose of triggering benefits for your spouse, but delay collecting your own until they will be worth more later.”

You can read the entire article by clicking the link below:

http://www.investmentnews.com/article/20120808/BLOG05/120809941