Dialogue On Divorce

With the Bipartisan Budget Act of 2015, lawmakers closed the loophole that allowed a worker to file for social security benefits and then suspend payments—while his or her partner collected the spousal benefit. How might these changes impact your social security benefits? How can you maximize the amount you receive from the government? And how are social security benefits calculated in the first place? Gayle Lob is the President and CEO of Lob Planning Group. With 29 years of experience in financial planning, investment management and insurance, she is adept at helping people manage life transitions and plan for financial security and independence. Gayle is also an authority in the realm of social security benefits, and she has shared her expertise on CNBC, CNN and Fox 5 New York. Today, Gayle joins Katherine to explain the new rules around social security that came with the passage of the Bipartisan Budget Act, specifically focusing on the elimination of the file-and-suspend strategy. She offers insight in