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Outdated Social Security advice can create costly mistakes, especially when rules have changed, but old strategies are still being shared today.
Have you ever heard someone say, “I was told I could do this with Social Security”? What if that advice no longer applies and could affect your retirement income for years to come?
In this episode, I explain several Social Security filing strategies that used to work but no longer apply for many women today. I walk through common misunderstandings around ex-spousal benefits, deemed filing rules, restricted applications, and survivor benefits. I also clarify the important differences between rules for married spouses and divorced spouses, along with how filing early can reduce benefits.
Key takeaways:
- Why outdated Social Security strategies can create costly retirement income mistakes today
- How the deemed filing rules changed spousal and ex-spousal benefit claiming options
- The difference between survivor benefits and spousal benefits after divorce or widowhood
- Why filing before full retirement age can permanently reduce monthly benefits
- How working before full retirement age may temporarily reduce Social Security income
- And more!