That these loopholes have been closed does not mean Americans can no longer plan to maximize their potential Social Security income.
This was the point of a recent article in Time entitled “There’s One Simple Social Security Strategy You Can Still Take to the Bank.”
The strategy suggested is to delay receiving Social Security benefits for as long as you possibly can. The longer you delay benefits, the more benefits you will receive.
On the other hand, many people cannot afford to delay benefits for the maximum amount of time.
When it comes to planning for Social Security it might be wise to consult with an estate planning attorney to help in weighing your options.
