I am 65 and drawing survivor ship from my wife’s SS. I have remarried and it is my understanding if I draw the survivor ship until age 70 and then if I die my current wife would be able to draw my survivor ship at a higher rate. Is this true?
Hi. Yes, if you wait until age 70 to start drawing your Social Security retirement benefits and if you die at age 70 or later then your surviving spouse could be paid up to your full age 70 rate as a survivor. She couldn't draw both her own benefit and your full benefit rate at the same time, though, just the higher of the two rates. And, if she starts collecting survivor benefits prior to her full retirement age (FRA) then her survivor rate would be reduced for age.
Best, Jerry