Alert – April 29, 2016 is the Filing Deadline for Social Security Benefits that will be Lost Under New Laws

in News

The Bipartisan Budget Act of 2015 eliminated some great potential Social Security claiming strategies. However, people who have already filed are grandfathered in, and others may still be able to participate in these strategies IF they file by the April 29 deadline. Under current law, if you reached the age of 66, and waited to claim social security, you can “file and suspend” your retirement benefits, or file a “restricted claim for spousal benefits only” (see details below).However, these strategies will soon be lost under the new law. Social Security Basics You may start collecting Social Security benefits as early as age 62,...

08 October

0 Comments

Sticky

The Importance of a Special Needs Trust and The Difference Between First Party and Third Party Special Needs Trusts

Posted by KarenLewis

in Bobby's Blog

If you have a loved one, usually a child, who requires special needs such as in-home care or a lifetime of medical treatment, you need to consider setting up a special needs trust. Before going into what exactly is a special needs trust is, you may be asking yourself, “Why do I need special needs planning?” Well, because properly organizing and caring for a loved one with needs that may last well beyond your lifetime is absolutely critical. It is heartbreaking to see someone with special needs who had a loved one taking care of them, but then that...