Five Things to Know About New Social Security Claiming Rules
The budget bill signed last week by President Obama included perhaps the most significant change in Social Security benefits since 1983. Back then, Federal Reserve chairman Alan Greenspan led public hearings that helped usher in key reforms. Last week’s changes, which ended two major Social Security claiming strategies for married couples, occurred with virtually no public government review or hearings. All of which has left a lot of pre-retirees scrambling. This article outlines five important things to know about the new claiming rules.