We were also lucky enough to be decrepit old farts able to use the [-]loophole[/-] strategy in the OP. As stated, it’s a lot of unexpected but very welcome funding. In fact, it more than funded our Lindblad trip to the Galapagos.
I'm turning full retirement age in March 2018. I had anticipated that I would have to go into a SSA center in order to do this because I have read that a lot of agents don't know how to do a restricted filing. How hard was it to file online??
I'm turning full retirement age in March 2018. I had anticipated that I would have to go into a SSA center in order to do this because I have read that a lot of agents don't know how to do a restricted filing. How hard was it to file online??
I'm turning full retirement age in March 2018. I had anticipated that I would have to go into a SSA center in order to do this because I have read that a lot of agents don't know how to do a restricted filing. How hard was it to file online??
Being able to take advantage of the great flexibility of SS is one of its greatest benefits. Take it at age 62, or take your chances and take it at age 70. Some have said that it is gaming the system if you stretch it out to age 70, after piggy-backing on your spouse for a few years. I call it taking advantage of the flexible benefits.
Here's another question if you don't mind! When should I apply to make sure I get my benefits as soon as possible?? My wife turns 66 in January and I turn 66 two months later in March.
Thanks so much for your guidance. I've been planning to do this for almost 10 years now. I actually consider myself very lucky to still be able to do it!! After all, if I had been born 665 days later, I'd have been out of luck!!
Shown below is an updated link on SS strategies, including a good discussion on tax implications which I had not fully considered.
http://research.prudential.com/docu...tivestrategies1112&bu=GC&ref=NewsroomFS&cid=1
No such thing as a loophole in the law. The law is the law. Use it as you see fit & to your advantage if you can & so choose. To say something is a loophole is political imo.I plan to file for the 50% spousal benefit next year. I made the cutoff date for this loophole by about 1 year.