Need Help With Social Security?

If you’ve been paying attention to the news lately, you’ve heard a lot about the Bipartisan Budget Act of 2015 and the resulting changes to Social Security benefits. In short, these changes include:

• The elimination of the popular “file and suspend” strategy for those who have not reached Full Retirement Age (66 or 67 depending on the year you were born) prior to April 30, 2016.
• Reducing the ability to claim ancillary benefits for spouses, dependent children and others.
• The elimination of the option to suspend benefits and later claim a cumulative retroactive payment to the amount of your suspended benefit.

While the media can tell you the basics of the law, it can’t tell you how it could affect your unique retirement income strategy.


If you’re unclear about this law’s potential impact on your retirement income, feel free to give us a call at 801-990-5055. We’ll put a date on the calendar to sit down together and take a look at your assets, discuss your goals and see what options you may have before these changes take effect. We’ll help you make sense of the changes and what they may mean for your overall retirement income plan, including identifying potential retirement income gaps that we may be able to address through insurance and investment options.

Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Advisory services offered through B.O.S.S. Retirement Advisors, a Registered Investment Advisory firm, and offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance products and services offered through B.O.S.S. Retirement Solutions. To see a list of services please visit us at bossretirement.com/services.

This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.We are not affiliated with any government agency including the Social Security Administration.