File and Suspend

Can You Help Me Understand The File And Suspend Rule?

Category: 

Current age: 651/2
Divorcee
Spouse: Deceased

I wanted to take advantage of the file and suspend rule:

I wanted to claim my ex-husband's benefits and freeze my benefits until a later time. However the social security agent told me that I could not do it because my spouse's amount was smaller so I could not file and suspend.

I thought that I could collect his at the lower rate until I was ready to claim mine.

Can you you help me understand.

Hi,

Is There Any Reason Why I Should Register For My Benefits And Suspend Them Before Age 70?

Category: 

I am employed full time and turning 69 in September. I have not registered for Social Security and don't intend to start collecting until age 70. Is there any reason why I should register and suspend before then?

Hi,

Not unless you have some special reason to do so. You'll receive the same amount of delayed retirement credits (DRC) whether you file for and suspend your benefits until age 70, or if you simply wait until age 70 to apply.

Best, Jerry

Can You Confirm This?

Category: 

Can you please confirm the Social Security (SS) strategy called “File and Restrict” is A). Is a different strategy than “File and Suspend”, the latter no longer permissible; B). File and Resyrict is still available. Two sources inform me File and Restrict is still available: They include 1). A SS agent in person during an on-site meeting & 2). an AARP SS expert who responded in writing. Two other sources inform me it is not available both were SS personnel, one on the phone & one st the front window of a SS office. Thank you.

Hi,

Can My Father File And Suspend So That My Mother Can Start Collecting Spousal Benefits Now?

Category: 

My mother is 69 this year (1949) and father is 65 this year (1953). My mother applied for early benefits at age 62. Since my mother is older than my father she was unable to claim spousal benefits which would have been a greater benefit than receiving benefits based on her earnings. My father plans to retire at age 66. I just learned about file and suspend - possibly a bit too late. Can my father file and suspend so that my mother can start collecting spousal benefits now? Or should they just wait to file until my father reaches full retirement age next year?

Is There Any Reason To File And Suspend At FRA Instead Of Waiting Until Age 70 To File?

Category: 

Hi Larry,

I have read your very informative book but still have one question. I am turning 66, was married less than 10 years, and have no dependents. I have the resources to delay taking my SS benefits until I turn age 70. Is there any financial or other advantage to doing that over filing and suspending at age 66? Conversely, is there an advantage or benefit conferred by filing and suspending at age 66 over filing at age 70? I understand about the effect on Medicare payments.

Hi,