FiveDriver
Full time employment: Posting here.
Well, might have been asked once before.....
DW has her Full Retirement Age pegged at 66 and 8 months (October 2024). I would like her to wait til her FRA before starting her claim.
But with all the hot air about entitlement programs being cut or FRA's being moved out to 70, I'm wondering ......is it feasible for her to 'Register' for Social Security, but not start the claim yet ??
A -- We just went thru Medicare sign-up, and that took all of 3 months to get established. We got her card with 2 days to spare -- good thing we started 3 months early.
B -- I know such entitlement curtailment proposals have a zero chance of getting thru both houses of Congress and signed by the Prez. But what if ?
C -- If she registers and starts claiming as of next month, she would receive only about 43% of my PIA.
D -- AND, if I understand correctly, she would only get 43% of the COLA increase going forward (I think).
So, my basic question is -- is it feasible for her to 'Register' for Social Security, but not start the claim yet ??
AAnd are my assumptions about reduced COLA going forward correct ??
DW has her Full Retirement Age pegged at 66 and 8 months (October 2024). I would like her to wait til her FRA before starting her claim.
But with all the hot air about entitlement programs being cut or FRA's being moved out to 70, I'm wondering ......is it feasible for her to 'Register' for Social Security, but not start the claim yet ??
A -- We just went thru Medicare sign-up, and that took all of 3 months to get established. We got her card with 2 days to spare -- good thing we started 3 months early.
B -- I know such entitlement curtailment proposals have a zero chance of getting thru both houses of Congress and signed by the Prez. But what if ?
C -- If she registers and starts claiming as of next month, she would receive only about 43% of my PIA.
D -- AND, if I understand correctly, she would only get 43% of the COLA increase going forward (I think).
So, my basic question is -- is it feasible for her to 'Register' for Social Security, but not start the claim yet ??
AAnd are my assumptions about reduced COLA going forward correct ??