Last Chance to File and Suspend Social Security Benefits is April 29, 2016 – Learn What to Do in Free Class

Effective April 30, 2016, you will no longer be able to file and suspend your social security benefits. If you are of full retirement age, you will only have until April 29, 2016 to take advantage of the file and suspend strategy. If you are age 66 before May 1, 2016 you have been excluded from the new rules IF you are either collecting benefits or eligible to collect benefits but have officially suspended these benefits.

In participation with the Federal Reserve Bank of Chicago’s national Money Smart Week, Joseph Walsh Jr. will be offering a free Social Security Crash Course on April 25, 2016 – which will include instructions on how to file and suspend. The class will be held at the DeKalb Public Library from 6:00 p.m. to 8:00 p.m. and will be free of charge with no obligation.

In this class, Walsh will discuss how DeKalb citizens of full retirement age can still apply to file and suspend their social security benefits for a limited time. If done correctly, this could mean thousands of dollars for a married couple that they will not be able to receive should they not apply to file and suspend by April 29, 2016.

Joseph Walsh of Walsh & Associates, a financial planning firm in DeKalb, IL urges local citizens of full retirement age to learn the potential benefits and the eligibility of a “file and suspend” strategy. With such limited time, it is crucial for DeKalb citizens who are considering, or do not know about, the file and suspend strategy to talk to a qualified financial advisor that has experience with social security claiming before the April 29, 2016 application deadline.

If you are properly using this strategy before April 30, 2016, you will be grandfathered in. If you do not apply in time, you will be unable to suspend your payment accumulating delayed credits, nor will you be able to have anyone receive benefits on your record during the same period that your benefits are suspended.

Anyone interested in this free Social Security Crash Course can call Walsh & Associates at 941-952-1188 or email Kelly.Holleran@LPL.com to sign up. Additional information on Money Smart Week classes can be found at http://www.niu.edu/MoneySmartWeek/.

About Walsh & Associates

Walsh & Associates is an Investment Advisor registered with the Securities and Exchange Commission, with locations in Sarasota, FL and DeKalb, IL. Joseph Walsh, MBA, CFP®, CFA®, CPWA®, AIF®, CTFA®, is President and CEO of Walsh & Associates and has more than two decades of experience as a financial advisor. Walsh & Associates is a full service, fee-only financial planning firm, specializing in their Red Flag Audit® procedure. Walsh & Associates focuses on building a foundation of trust by offering personal service and innovative wealth management strategies, as well as placing an emphasis on education and industry knowledge.

Securities offered through LPL Financial Member FINRA/SIPC. Financial Planning and investment advice offered through Walsh & Associates, a registered investment advisor and separate entity from LPL Financial.

Walsh & Associates, LPL Financial and Money Smart Week are all separate and unrelated entities.