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Social Security Planning: Emphasis on Married Couples

The United States currently has a sizeable population approaching retirement age, and there are myriad factors that individuals and married couples need to consider when making their Social security decisions, namely in determining how to coordinate these decisions and managing their other retirement investments.

The Senior Citizens' Freedom to Work Act (SCFWA) of 2000 repealed the Social Security earnings tests for individuals between normal retirement age (NRA, which currently ranges from age 65 to 67 depending on year of birth) and age 70. The earnings test reduces the annual benefits for workers who have earnings above a certain threshold. The SCFWA did not affect the earnings test for ...

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