I was born 9/3/50 and will reach full retirement age in two months. My wife was born on 4/5/57 and is currently receiving SSD. I had heard that I could file and suspend my benefits and receive 50% of my wife's. When I went to the Social Security office, a female employee told me that the new law ended that. Reading your article in Forbes now has me wondering if that info was correct or not. Can you elucidate?
Hi, My wife will be 65 this year and I will be 64. Neither of us are currently taking SS, but she is planning to take her's this year, one year before her FRA, and I am planning to wait until I am 70. We realize that her monthly payment will be slightly less than if she waits till her FRA of age 66, but I would like to know whether she will be able to do that and still switch to a spousal contribution when I finally take my social security at age 70.
Hi, I started receiving my Social Security benefits when I turned 62, two years ago [~1100/mo]. I had 'retired' from the City of Portland in 1998 with a Medical Layoff that was 'supposed to' turn into a Disability Retirement. Standard Insurance refused the Disability Retirement, after Appeals. So I considered my 'early retirement' as delayed Disability payments. My wife will turn 63 in October. At this point in time, are there any 'strategies' we can use that will increase our income?
My wife is now 62 and has NOT WORKED since she was 20, she has spent her entire life taking care of me[100% service connected disabled wheelchair veteran]. When should she apply for SS? Thanks, Gary
Hi, I will be 69 in April, 2017 and my wife will be 42 in October, 2016. I have been collecting SS since 2014 all the while working full time (as a high school teacher). I intend to work at least until I am 70 (full time and then substitute teach after that). My wife works part time at 2 jobs (40 hours or more per week). Any suggestions as to how to maximize our benefits? Thanks, Mark
Hi, I turn 67 in early July, 2016. My full retirement age was 66. My wife is six (6) years younger than me. Since she has been 100% disabled for about the last 13 years, she has been collecting SSDI. Prior to becoming disabled, she worked on and off, mostly in secretarial-related positions (i.e., not as a high wage earner), while raising three children. We estimate that during her working career, she had about 10 years of full time employment (with some sporadic part-time employment).
I turn 65 in December, and quite healthy.. My wife is 44. I was thinking of delaying taking social security until age 70 to maximize benefits. Is that the best strategy?
Yes, this strategy will give you the maximum liftime Social Security benefits.
My husband worked at General Motors and took an early retirement and is now 59 years old. I am 63 years old. I am very confused about Social Security and what we should do. I am still working part-time and he is working as well, Self-employed as a LLC.
With the recent changes to the file and suspend rules, I wanted to ask about a related topic which I believe is called the "restricted spousal benefit". My wife's birthday is 11/4/52 and my birthday in 3/3/53. My wife's social security benefit is approximately 25% of my benefit. The way I understand the "restricted spousal benefit" my wife plans to start taking her benefit at 66 and at 66 I plan to file for the "restricted spousal benefit. At 70 I plan to file for my "full benefit" and at that time my wife plans to file for her spousal benefit.
I retired from federal service on July 1, 2016.My wife and I are 63 years old and financiallysecure and do not need to collect social security benefits at this time. Should we both wait to our FRA to collect or should my wife file for spousal benefits before her FRA. My benefit at FRA is $ 2640 and my wife's id $1160.