Ask Larry

When Can I Switch From Spousal Benefits To Retirement Benefits?

Hi Larry,

I have a question regarding filing a "Restricted application for spousal benefits". My wife will turned 62 in May 2017 and I will be 66 in October 2017. My wife has filed for her retirement benefits. I plan on filing for a "Restricted" application for spousal benefits only 3 months before I turn 66. Can I then file for full retirement benefits at age 67 or 68, or do I have to wait until I am 70 before filing for full retirement benefits? Can my wife then file for supplemental spousal benefits at the age I retire, whether at 67 or 68?

Thank you.

George

Hi George,

You could switch to your own record at any time after you've started receiving spousal benefits, but it would probably be most advantageous for you to wait until age 70. And, yes, your wife could potentially be eligible for an excess spousal benefit on your record when you start drawing on your own record, but only if 50% of your full retirement age rate (PIA) is higher that her PIA.

You may want to strongly consider running the maximization software available on this website in order to determine the best strategy for you and your wife.

Best, Jerry

Posted: 
Apr 16 2017 - 6:43am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.