I am 81 (82 in March), and a widow living with a man I would consider marrying if situation arose. I am collecting 1st husband S.S. (23 yr marriage). If situation arose to marry present partner, what would happen to my present S.S.? Would appreciate your input. Thank you, Joan.
Hi,
I am 65, unemployed (laid-off), and have not yet started taking my Social Security. My FRA is 66 (April 2017). My wife is working part-time + (more than 20 hours a week but less than 40). She is 56 and her FRA is 66 years and 10 months. My ex-wife is 63 and has been employed longer than my wife because she took some years off to be a "stay-at-home" Mom. My ex has not yet started her Social Security and I don't know when she plans to. I would ask her but she pretty much hates me. The divorce and subsequent years have not been amicable.
Eric: I’ll be 69 in April and have held off taking benefits up to this point. I did a calculation to see what the break-even point would be at starting times of 66, 67, 68, 69 and 70. It turns out that all of them reach the break-even point at about age 80 to 81, at which time I would have made up the “leave it on the table” money and start coming out ahead with higher benefits (even factoring in the interest income lost).