I am 74 yo and my wife will be 62 12/17/19. To maximize her social security benefit should she start taking 1/2020?
Thank you,
Matthew

Hi Matthew,

The answer to your question depends largely on your and your wife's comparative benefit rates, as well as how long you end up living. If your wife starts drawing at age 62, though, she'll be stuck with a substantially reduced monthly benefit rate for at least as long as both of you are living. Your wife should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully explore and compare all of her various options in order to determine which filing strategy would likely work out best for her in the long run.

Best, Jerry