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03-28-2016, 09:01 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Posts: 1,290
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Social Security Question
I am guessing this question has been answered but I could not find it. I apologize upfront.
My wife is 65 and I am 64. My full SS retirement benefit will be much higher than hers. We are planning for her to apply at 66, when I believe she will receive 50% of my FRA, until I apply at age 70. I understand when I apply, her SS will revert to her FRA amount.
Here are my questions:
1. Is my understanding correct?
2. Is there anything we need to do now (since my wife turned 65) in order not to miss this opportunity?
3. If no to #2, our plan is to apply for this program, 3 months before my DW 66 birthday? Is that the right approach?
4. Please feel free to provide any other information you feel would be helpful
Thanks
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03-28-2016, 10:41 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,324
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Your wife cannot receive spousal benefits until you file for your own benefit. So no to #1. If she files at 66 she will receive a benefit based on her record only, until you file at 70.
__________________
We are, as I have said, one equation short. – Keynes
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03-28-2016, 12:26 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Apex and Bradenton
Posts: 1,848
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03-28-2016, 02:29 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Posts: 1,290
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Quote:
Originally Posted by latexman
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Thanks, very helpful
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03-28-2016, 03:13 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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I believe that to do what you want you have to file and suspend. Then your wife can take her spousal benefit, and you wait for yours. You need to move quickly though. This option is being closed soon.
__________________
"The mountains are calling, and I must go." John Muir
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03-28-2016, 07:22 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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+1
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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