Also keep in mind that you would not get the benefit from both your own record and the spousal benefit — you'd get the higher of the two. Using the above scenario: If your monthly benefit at age 62 would be less than $650, you'd get $650. If your benefit were more, you'd get...
Those who are eligible for spousal benefits, whereby their mate is still alive, may or may not be able to switch off between both benefits, depending on when they were born. (Individuals are eligible for spousal benefits, which pay up to half the spouse's benefit amount, starting from age...
While my benefit increases if I delay beyond my full Social Security retirement age (FRA) of 66 years and six months, her spousal benefit is fixed at 50% of my FRA benefit. My waiting until 70 would mean forgoing years of payments that my wife is entitled to—because she wouldn’t ...
Another prospect couple had come in recently, and she was claiming on her own record. He was 67 and not taking any benefit at all because he wanted to wait until age 70. Again, we had to educate them about his ability to file a restricted application for spousal benefits on...