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