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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Social Security
Satisfied Customers: 18360
Experience:  B.A.; M.B.A.; J.D.
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What is the alleged April 30, 2016 deadline if you

Customer Question

What is the alleged April 30, 2016 deadline for filing if you were born prior to 1969 for getting up to $4,098 monthly additional social security income; how do you qualify; how do you apply; where do you obtain forms and what form numbers do you ask for.
Submitted: 11 months ago.
Category: Social Security
Expert:  Phillips Esq. replied 11 months ago.
The information that you received is not accurate. The new law that goes into effect on April 30, 2016 will not take away your benefits or any benefits that you are entitled to. The new law on the other hand will not give you additional benefits. The new law deals with two strategies some retirees were using to maximize their benefits namely: file and suspend and restricted spousal application. File and suspend deals with when both husband and wife have reached their full retirement age. One would file and suspend his benefits so that the other would apply for spousal benefits only. Then the other spouse would apply for benefits when he reaches age 70. This would maximize their benefits. Under the new law, this loophole has been closed. So, when a spouse files and suspends, all benefits would be suspended preventing his spouse from applying under his earnings. The other one is restricted spousal application where one spouse who has reached full retirement age can elect just to apply for spousal benefits only and then apply for her own benefits later. This would no longer be allowed for any one that has not turned age 62 by the end of December 2015. For more information, click on the links below: https://www.ssa.gov/planners/retire/suspend.html https://www.ssa.gov/planners/retire/applying6.html Kindly give a positive rating to my response so that I can receive credit for responding to your post. There is no additional cost to you for doing this. Thank you for your cooperation.