Picture of Brad Tinnon

Brad Tinnon

Significant Social Security Changes

Last week, President Obama signed a budget bill that included significant changes to Social Security. There were essentially two loopholes in the system that allowed people to claim more Social Security income than they would have otherwise. These were known as the File and Suspend Strategy and the Restricted Application Strategy.

The File and Suspend Strategy is essentially going away on 5/1/2016. Therefore, if your are age 66 (or older) by this date, then you have until this date to execute this strategy. You won’t be able to do it afterwards.

The Restricted Application Strategy can only be implemented if you are age 62 (or older) by 12/31/2015. If you will be this age by this date, then you will be able to execute this strategy when you are age 66.

One last point, if you are currently utilizing one of these strategies now, you will be grandfathered in and allowed to continue.

If you’re new to our blog and wish to remain connected and receive future articles, please sign up for our eContent. Also feel free to list any comments below that you may have.

Brad E.S. Tinnon

2 thoughts on “Significant Social Security Changes”

Leave a Comment

Your email address will not be published. Required fields are marked *


  • No Sales Tactics
  • No Commissions
  • No Investment Limitations
  • No Sales Quotas
  • No Investment Minimums
  • No Minimum Fees
  • True Financial Planning
  • Satisfaction Guarantee

Stay Connected

Get Weekly Financial Tips

Scroll to Top

Thank you so much for signing up to receive periodic Finance Tips! We hope you enjoy the content.

* Downloading PDF will also sign you up to receive weekly financial tips. But don’t worry, you can always unsubscribe anytime.

Please check your email for the download instructions. We hope you enjoy the content!