Debinnov a
Recycles dryer sheets
- Joined
- Nov 2, 2013
- Messages
- 238
I'm trying to get my head around Social Security and all of the different options. I'm hoping if I can put some basic information, someone who has a better grasp on it, can provide some insight.
Me - 57
DH - 51
There is hope that we can retire in the next year or two. No pensions. Very conservative investor.
It seems pretty obvious that you are better off holding off until Age 70 to take social security, as long as you can fund your retirement until then.
But what confuses me is all of the file and suspend, take half of the spouses social security, etc.
My social security at age 70 will be approximately $3340 in todays dollars and DH will be about $2286 when he is age 70. Remember, he is six years younger than me.
Can anyone give thoughts on what you would do? I know that somehow, him taking 1/2 of my social security would be great to grow his - but with him being six years younger, does that mean I have to delay taking mine?
Thanks!
Me - 57
DH - 51
There is hope that we can retire in the next year or two. No pensions. Very conservative investor.
It seems pretty obvious that you are better off holding off until Age 70 to take social security, as long as you can fund your retirement until then.
But what confuses me is all of the file and suspend, take half of the spouses social security, etc.
My social security at age 70 will be approximately $3340 in todays dollars and DH will be about $2286 when he is age 70. Remember, he is six years younger than me.
Can anyone give thoughts on what you would do? I know that somehow, him taking 1/2 of my social security would be great to grow his - but with him being six years younger, does that mean I have to delay taking mine?
Thanks!