Social Security Deadline Fast Approaching
April 29th, 2016. That is the current deadline for individuals to make Social Security claims under pre-existing rules before certain often-used strategies become redundant. Filing and suspending under current rules by the April 29th deadline allows a worker to trigger benefits for a spouse or dependent child while their own benefit continues to grow by 8% per year up to the age of 70. A person also has the right to request a lump sum payout of suspended benefits any time up