Social Security is a complex program, but many benefits are available to those who understand all of its rules. Yet a budget proposal from the Obama administration could threaten one often-followed Social Security strategy known as file and suspend, with the budget's language suggesting that the strategy leads to excessive benefits. 

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, runs through the file-and-suspend strategy and the reason why some think that the budget proposal attacks it. Dan notes that the benefit is a valuable one for forward-thinking couples, with the ability to get spousal benefits now and higher benefits on your own work history later. With more two-income earner families now than when Social Security was first implemented, one could argue that spousal benefits don't make as much sense in most cases. Dan concludes that it's too early to tell what fate the proposal will have, but Social Security is certain to be a focal point of controversy for years to come.

Defend your benefits
Knowing what benefits you're entitled to is essential if you want to make sure the government doesn't take them away. Find out about all the Social Security benefits you're entitled to by reading our brand-new free report, "Make Social Security Work Harder for You," in which our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.