I happen to think that “file & suspend” is a great benefit currently available through the Social Security system. It may not be around for long. There is a push to eliminate this option because it will:
Reduce some of the rules associated with Social Security
It would make the system “fairer”
It would “restore some of the redistributive” aspects of the benefit structure.

Many of my clients have used this strategy of one spouse filing for Social Security at full retirement age and immediately suspending their payments so their spouse can draw the Spousal benefit. Individuals who do not take their Social Security benefits at full retirement age but suspend payments until age 70 currently get an annual increase of 8%.

I feel that there are many other areas of Social Security abuse that can and should be attacked before doing away with this benefit.

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