Ask Larry

Can I File For My Own Benefit at Age 70?

My wife turned 68 in 2013. She started taking her SS benefits at that time. I was 66 at the time & filed for spousal benefits. We have been receiving these benefits since then. Next year I will turn 70, and it has been my understanding that I can then file for my own benefits, which have continued to grow. Is this correct? Thanks

RE,
Yes, you can file for your retirement benefit when you turn 70 and it will be 32% higher than if you had taken it at age 66.
Best,
Mike

Posted: 
Jul 7 2016 - 1:00pm
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