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Budget Deal Would Kill Social Security Strategy for Maximizing Benefits

File and suspend, which allows one member of a couple to receive a spousal benefit from Social Security while both spouses’ benefits continue to accrue, would be terminated under the budget bill that was recently passed by the House of Representatives. So reports Bloomberg.

The legislation, which is now heading to the Senate, would take a $50,000 bite out of some Americans’ Social Security benefits.

Read the full article from Bloomberg.

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