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Social Security Loophole To Increase Your Monthly Income

Saturday, August 28, 2010 - 6:30 AM
From the Wall Street Journal:
An often-overlooked provision allows Social Security recipients to withdraw their original application for benefits and to refile. For many retirees already collecting benefits, the strategy -- known informally as a "Social Security reset -- could sharply increase their monthly income.

2
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,651
1. Monday, August 30, 2010 - 5:21 AM
It was mentioned in that WSJ article, but it was emphasized in this Washington Post article that this loophole could soon close:
The Social Security Administration (SSA) is moving to eliminate the do-over strategy. If the agency gets its way, the rule could take effect within months.

1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,651
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