CountryGal
Recycles dryer sheets
- Joined
- Jan 11, 2016
- Messages
- 235
Would love some input. Our thought process below.
Details..
1. Husband just filed and turns 70 in 2 months.
2. Wife has been 'retired' almost 6 years and unable to work. Age 63
3. Wife has pension (non-cola), Husband does not.
4. Husband is still working part time and has some money from prior employer coming in. Maybe 6 more months of both.
5. Rationale for taking SS now.. preserve as much of our nest egg as we can for kids or later years. Breakeven for wife waiting until FRA is 76 right now.
6. Life expectancy. Maybe about 80 based on family history.
7. If either pass, the other gets the highest benefit possible.
I (wife) am looking at my estimated benefits from SS and thinking about when is the best time to pull the trigger. I also see that if I collect now I get one amount. It also tells me that I have earned enough credits to qualify for benefits if I became disabled right now. Benefits that are about $650 a month higher.
What is the likelihood I can apply and get SS Disability?
Any reason why I shouldn't apply for SS now?
Thanks!
C.
Details..
1. Husband just filed and turns 70 in 2 months.
2. Wife has been 'retired' almost 6 years and unable to work. Age 63
3. Wife has pension (non-cola), Husband does not.
4. Husband is still working part time and has some money from prior employer coming in. Maybe 6 more months of both.
5. Rationale for taking SS now.. preserve as much of our nest egg as we can for kids or later years. Breakeven for wife waiting until FRA is 76 right now.
6. Life expectancy. Maybe about 80 based on family history.
7. If either pass, the other gets the highest benefit possible.
I (wife) am looking at my estimated benefits from SS and thinking about when is the best time to pull the trigger. I also see that if I collect now I get one amount. It also tells me that I have earned enough credits to qualify for benefits if I became disabled right now. Benefits that are about $650 a month higher.
What is the likelihood I can apply and get SS Disability?
Any reason why I shouldn't apply for SS now?
Thanks!
C.