wenglish
Dryer sheet aficionado
I have attempted to read up on this and have become totally confused, hoping someone can set me straight. I know there are special rules for people born before 1954 - only one of us was.
Self:
Spouse:
Her FRA benefit is 79% of mine, therefore I believe she gets no benefit (hah!) from claiming under my account - at most she would get 50% of my age 62 benefit, not my FRA benefit, right?).
Is there any reason to try to optimize things beyond "she claims now, I claim at 66.5"?
I have tried a couple of calculators, but none seem to take into account couples, just individuals. And from what I have read, I get the impression the ability to file on your spouse's account is primarily aimed at couples where their SS benefits are vastly different (such as someone who didn't earn much over the years, which clearly doesn't apply to us).
Thanks.
Self:
Born in 1957, turning 61 soon, no plans to claim SS until FRA (66.5)
FRA benefit - $2800/mo
Age 62 benefit - $2000/mo (a year from now)
FRA benefit - $2800/mo
Age 62 benefit - $2000/mo (a year from now)
Spouse:
Born in 1952, turning 66 soon, plans to claim SS at FRA (or asap thereafter)
FRA benefit - $2200/mo
FRA benefit - $2200/mo
Her FRA benefit is 79% of mine, therefore I believe she gets no benefit (hah!) from claiming under my account - at most she would get 50% of my age 62 benefit, not my FRA benefit, right?).
Is there any reason to try to optimize things beyond "she claims now, I claim at 66.5"?
I have tried a couple of calculators, but none seem to take into account couples, just individuals. And from what I have read, I get the impression the ability to file on your spouse's account is primarily aimed at couples where their SS benefits are vastly different (such as someone who didn't earn much over the years, which clearly doesn't apply to us).
Thanks.