file and suspend

Definition of "file and suspend"
  1. A discontinued strategy allowing married retirees of varying ages to maximize Social Security benefits by having the higher-earning spouse apply for, then pause, their benefits to boost the lower-earning spouse's benefits and their own future payout
How to use "file and suspend" in a sentence
  1. The couple sought advice about the file and suspend method to maximize their Social Security benefits.
  2. Despite the changes to Social Security policies, some couples still inquired about file and suspend.
  3. Understanding the history of Social Security, like the file and suspend strategy, helps in planning retirement.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z