Filing Options

Can My Wife Get Spousal Benefits When I Start Drawing?

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My wife is now 65 and has been collecting her social security since age 62. She gets less than $800 per month.
I am planning to collect my Social Security when I reach 62 which will be at the amount of $2000 per month. Can my wife collect half of mine at $1000 per month at that time instead of the $800 which will be at the end of 2017 or beginning of 2018. Since I was born in 55 my normal retirement age is not until 66 and 10 months.

Hi,

How Can I Build A Nest Egg?

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Hello...I will be applying for my social security in about 6 wks. I turn 62 on 6/23/17. I'm registered with an account on the SocialSecurity.gov website and learned my monthly check will be $973 a month. I'm healthy and want and have to continue working throughout my 60's at least but I need the extra money the SSI will provide now to get my head above water completely. Deciding to take my SSI early is my decision to have more money to fall back on every month and also to hopefully put some of it into something worthwhile.

Do You Factor In Potential Future Changes In The Law?

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When you provide your opinion about when people should take SS, do you factor in at all the fact that the pot will run dry and that at some point Congress may cut benefits? I am fearful of this happening and am wondering if it is not better to file sooner than later, even though my monthly checks will be smaller, just in order to be "grandfathered" in to the system. What are your thoughts about this? Thanks for all your advice!!!!

Hi,

What Is Our Best Strategy?

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My husband turns 66 in July - I am 64 and we have a 15 year old grandchild of whom we have custody. We need to file for his SS in order to buy a house. He plans to keep working as do i, for another couple of years. Is our best option to just file for his? I think I read that we can file for additional benefit for the child - is that correct? Thank you!

Hi,

Your grandchild won't qualify for child's benefits on your or your husband's records unless he is either adopted, or if both of his natural parents are either disabled or deceased.

When Should I Apply For Benefits?

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I am 63 years old and due to financial need, I intend to file for my Social Security benefits now and will be asking to suspend until them until I reach age 64 in October of this year . I am not asking for spousal benefits but is that a possibility as my husband began receiving his benefits at age 70. He is now 75. My estimated monthly benefit will be $1402.00 at age 64. My husband's monthly benefit is $802.00.