Can I File Just For Spousal Benefits And Allow My Own Rate To Grow Until Age 70?

Category: 
Oct 4 2017 - 6:39am

I am 64 (DOB 8/20/53) and my wife is 60 (DOB 1/4/57). When my wife turns 63 (1/4/2020), I will be 66 and 4 months old. If she files for her Social Security benefit then, can I apply for spousal benefits and let my benefit grow until 8/2023 when I turn 70?
I have used several online tools including Maxifi and other than waiting until my wife and I turn 70 (which we cannot afford to do), this seems to be the best case scenario but I am unsure if it is still allowed after the Budget Act of 2015.
Thanks for your help,
Bob

Hi Bob,

Yes, you can. The 2015 amendments grandfathered people born prior to January 2 1954 from being affected by the new deeming rules (https://www.ssa.gov/planners/retire/deemedfaq.html).

The maximization software available on this website can help your and your wife explore all of your filing options and determine your best overall strategy.

Best, Jerry