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Old 09-22-2020, 10:48 PM   #21
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I am only 60 so two more years, but on Feb 19th of this year we adopted our 9 year old son. It was BY FAR the high point of 2020. That changed my plan from a year to year decision on when to start SoSec, to starting at 62. Right now my benefit at age 62 will be ~$2000 and change. So our son will be collecting ~$1000/month until he graduates high school. He will graduate at age 19 on his birthday month.

I have given consideration to locking in the reduced benefit for the rest of my life and my wife's life but that $108000 + cola over those 9 years will go a long way toward getting him started in life.
Do you have to lock in the benefit for your wife? Couldnít she file later on your SS and not receive a reduced benefit? Itís been a while since I looked at the specifics...
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Old 09-22-2020, 11:27 PM   #22
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I would only impact mine. She can wait to take her SS since our son will only get half of one or the other. But impacts her if she lives longer than I do because my social security even at 62 is twice as much as hers at her full retirement age.


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Do you have to lock in the benefit for your wife? Couldnít she file later on your SS and not receive a reduced benefit? Itís been a while since I looked at the specifics...
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Old 09-23-2020, 09:13 AM   #23
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Your wife should be entitled to a caretaker benefit as well until your son turns 16!
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Old 09-23-2020, 10:17 AM   #24
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I would only impact mine. She can wait to take her SS since our son will only get half of one or the other. But impacts her if she lives longer than I do because my social security even at 62 is twice as much as hers at her full retirement age.
But canít she file on your SS? And if she does, isnít that based on your expected SS at FRA? I didnít think her filing on your SS was impacted in any way by when you file. Maybe Iím confused and misunderstanding your situation?
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Old 09-24-2020, 02:35 PM   #25
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She is already collecting SSDI which is her FRA amount. The reason it will impact my wife when I pass is my SS is considerably more so she will switch to mine. As far as I know, and I hope I am wrong, she will get the amount I received by starting at age 62 rather than a larger amount if I had waited.

I would be thrilled to learn that she can get my FRA amount at my passing if she is collecting hers at her FRA rate. I don't think that is the case.
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But canít she file on your SS? And if she does, isnít that based on your expected SS at FRA? I didnít think her filing on your SS was impacted in any way by when you file. Maybe Iím confused and misunderstanding your situation?
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Old 09-25-2020, 10:56 AM   #26
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Me again. I think someone mentioned this. I collected SS at 62. 2 Children collected.
Wife collected a benefit too. For a few months.
This part is weird. That is why you have to have an appointment with SS. Talk to experienced person.
Depending on wife's "age", she might collect a $ benefit. Forgot about this.
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Old 09-25-2020, 11:44 AM   #27
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I wonder if those doing this could take at 62 and get all the family benefits along with it, and then at FRA pay back just your own benefits and get the FRA PIA going forward? (Or are they wise to this, and you’d have to pay back the family benefits too)
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