By: John P. Napolitano, CFP®, CPA, PFS, MST

Planning for social security has been getting a fair amount of attention in the past several years. With last year’s abolition of what was known as the ‘file and suspend’ rules, one material planning opportunity is lost but many still exist for most taxpaying retirees. In prior generations, people simply stopped working and began collecting their checks without much planning or thought. For very wealthy people, the decision regarding when to collect may not matter overall to their wealth health. But for anyone, including the wealthy, a little planning around the when to start collecting can mean a difference of tens of thousands of dollars over a normal life expectancy.

Planning for social security benefits starts with the decision regarding when to claim benefits. No one has a crystal ball, but understand the facts first.

Read more in the Patriot Ledger.

John P. Napolitano CFP®, CPA is CEO of U. S. Wealth Management in Braintree, MA. Visit JohnPNapolitano on LinkedIn or The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. John Napolitano is a registered principal with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through US Financial Advisors, a Registered Investment Advisor. US Financial Advisors and US Wealth Management are separate entities from LPL Financial. He can be reached at 781-849-9200.