Suspension of Social Security Benefits: What Financial Advisors Need to Know
Tulsa, Oklahoma – A financial advisor recently posed a common inquiry about Social Security benefits. The advisor asked whether his 68-year-old client could suspend his Social Security retirement benefit to earn delayed retirement credits. The answer to this question involves several important tax and personal finance considerations for the client. According to guidance from the Social Security Administration, if an individual has reached full retirement age but is not yet 70, they can request to …