Social Security - File & Suspend

Question 0

T or F - One can file and take benefits early (before FRA) and then stop (suspend) benefits at FRA, accumulate delayed credits at 8% per year, and then restart benefits.

Answer 0

True. This does not reverse the original permanent reduction in benefits, but it can help offset it.

Question 1

What is the earliest age one can file and immediately suspend?

Answer 1

FRA

However, one can file and take benefits early (before FRA) and then stop (suspend) benefits at FRA, accumulate delayed credits at 8% per year, and then restart benefits. This does not reverse the original permanent reduction in benefits, but it can help offset it.

Question 2

T or F - A file and suspend strategy can be used to start benefits for both spouse and minor children of the primary

Answer 2

True.

Question 3

Is it possible to file and suspend before FRA

Answer 3

No. If you file to start benefits for family members before you reach FRA, your benefit starts immediately and is permanently reduced.