File and Suspend

Do I Need To Do Anything To Prevent Retroactive Benefits?

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In 2015, I filed and suspended. I was 68. My wife filed for spousal benefits in June, 2015. She was 66. I received a letter from the Social Security Administration stating that they will automatically reinstate my benefit at age 70 (Nov, 2016), adding the special credits to my benefit account. My question is: Will Social Security actually start my full benefits in Nov, 2016 automatically, without any retroactive payments? If not, what do i need to do? I do not want the retroactive payments.

Hi,

Are The Payments We're Receiving Correct?

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Larry,
After reading your book, GET WHAT'S YOURS, I filed for SS and suspended. My wife filed on my SS and began receiving half my benefits.

She turned 70 last December and began receiving her own full benefits. However, the File and Suspend payments continued to arrive. I turned 70 the end of March and began to receive full SS payments. Upon opening my bank statement today, I found that the File and Suspend payments continue to be automatically deposited despite the fact that we are now both receiving full SS payments.

Should I File & Suspend Benefits Now?

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I am 67 years old and I retired on June 17. I would like to start receiving SS benefits next January ( after I turn 68 in November this year).
My wife turned 64 in April and would like to start her spousal benefits when she turns 66, to maximize her benefit.
Should we both file for and suspend benefits now, with mine to begin January 2017 and my wife's spousal benefits to begin in May 2018?

Thank you.

Hi,

Can My Wife File & Suspend And Collect Half Of My Social Security?

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I was born in November 1944 and my wife in March 1952. I took my social security in November 2010 when I reached full retirement age. I am self employed and my wife is still working and plans to continue
working for the next 3-4 years. She will reach full retirement age around March 2018. Can she file and suspend at that time, and collect half my social security. Right now, I get about $2000/ month on my social security. When should she contact Social Security.
Thanks,
Vijay

Hi Vijay,

Can I File and Suspend Now?

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My husband and is 71 yrs old he started collecting SS at 62. I am 66 yrs old started collecting SS at 62. Can I suspend collecting my SS now till I am 70yrs old to get the 32% increase when I turn 70 yrs old. Thanks, Dee

Hi Dee, yes now that you've reached your full retirement age (FRA), you can suspend your retirement benefit up to age 70 and earn delayed retirement credits of 8% per year applied monthly. But you won't be able to receive a spousal benefit while your retirement benefit is suspended. Thanks, John