I am 54 and husband is 56. He has retired after 32 years at Texas Instruments with a 401k and a pension lump sum. I want to retire at 55 and we will live off of the above until he hits 62.
Then he will file for Social Sec, with a reduced amount. My question - We have been told that if he draws SS at 62, then the next year when I turn 62 I can draw a spousal benefit at about 50% of his amount. Then when I turn 66 I can file for full benefits.
Does anyone know anything about this? Thanks!
Then he will file for Social Sec, with a reduced amount. My question - We have been told that if he draws SS at 62, then the next year when I turn 62 I can draw a spousal benefit at about 50% of his amount. Then when I turn 66 I can file for full benefits.
Does anyone know anything about this? Thanks!