Your wife is locked into the 62.I have a question. Why can't my wife draw ss now at 62 and 8 months and I, 63, take her spousal benefit. Then when I reach 70 take my ss and let her take my spousal benefit at that time?
What is the reason for the FRA, 66, to enter into this strategy?
The deal with the spouse with higher SS benefits waiting till FRA is they file and suspend (can't be done before FRA) and wait for the higher benefits at 70.
If you have earnings of your own - I don't think they'll let you take just the spousal benefit before FRA. They look at your earnings and give you the higher of the two.
From the SS website
Retirement Planner: Benefits For Your Spouse
If your spouse is eligible for retirement benefits on his or her own record we will pay that amount first. But if the benefit on your record is a higher amount, he or she will get a combination of benefits that equals that higher amount (reduced for age).
It doesn't matter if your spouse starts getting benefits before, after, or at the same time you do--we will check both records to make sure your spouse gets the higher amount.
It definitely gets confusing.