Can I Still Terminate My Spousal Benefit And File On My Own Record?

Feb 16 2017 - 7:30am

Hello - I used the Maximize My Social Security Program to develop what we felt was best filing plan but the 2/7/17 article in Forbes now gives me concern. I have attained my FRA in September 2016. My wife is 62 and she has filed for her social security benefit. Subsequently, based on the program's suggestion, I filed for spousal benefit. My question is, when I reach full retirement age and under current law, still eligible to terminate the spousal benefit and file for my full retirement benefit? I purchased the Maximize program early in 2016 and used it during December 2016 to arrive at our present filing plan. Thank you. Looking forward to your reply.
Harris

Hi Harris,

When you ask 'My question is, when I reach full retirement age and under current law, still eligible to terminate the spousal benefit and file for my full retirement benefit?', I assume you're referring to age 70. The answer is yes, when you reach age 70 you can file on your own record, which will terminate your spousal benefits assuming that the spousal rate is lower than your own retirement benefit rate. You could file on your own record prior to age 70, but it's likely more advantageous for you to let your own rate grow until you reach age 70.

Best, Jerry