Spousal Benefits

Do ESB Calculations Apply When Filing A Restricted Application For Spousal Benefits?

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Do ESB calculations apply when filing a Restricted Application for Spousal Benefit? I am approaching 66 (my wife is 2 years older and no longer working). I still work and make significantly more than my wife did. I would like to file a restricted application and wait until 70 to file for full benefits. Will I get 50% of my wife's FRA or will it be subject to the ESB calculation?

Hi,

Which PIA Is Used To Calculate Excess Spousal Benefits?

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Say a spouse takes early retirement on her own record (say at 62), and then converts to the spousal benefit when her husband files for benefits. My understanding is that the spousal benefit is calculated based upon 50% of husband's PIA less spouse's PIA, (less additional reduction if spouse is less than FRA) and that this amount is added (if positive) back to spouses current payment. My questions are 1) is spouse's PIA used in above calculation locked in at 62 when she first begins getting early payments, or can it still grow with inflation adjustments?

Am I Correct That I Can Begin Taking Spousal Benefits At Age 62 Without Any Effect On My Future SS Benefits?

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I am 62 (born 6/13/56) and my husband is 76 and on SS. Am I understanding correctly that I can begin taking a spousal benefit without any affect on my future SS benefits, or any effect on my spouses continued benefit?

Hi,

No, your understanding is not correct. If you file for spousal benefits you will also be deemed to be filing for your own Social Security retirement benefits. And, you will only receive what is essentially the higher of those 2 rates and your benefit amount will be reduced for age if you apply before your full retirement age.

If I Start My Own Benefits At Age 62 Will I Still Get Half Of My Husband's Benefit Amount When He Retires?

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Our actual Social security statements were used for these figures:
My birth year (wife) 1956; Estimated benefit at full retirement is $1340/month. Estimated benefit at age 62 is $988/month. I want to retire at age 62.
Husband's birth year 1957; Estimated benefit at full retirement is $2871/month. He plans on retiring at full retirement age of 66 and 6 months.

Can I File On My Wife's SSDI Record And Leave Mine To Grow Until I'm Age 70?

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my wife is 56 and drawing SSDI $850 befor medicare. im 66 and the high earner ,can i flle on her social security and leave mine to grow till im 70. we been married 25 years

Hi,

If you're now age 66, which would be full retirement age (FRA), you could definitely file just for spousal benefits only on your wife's record while letting your own retirement benefit rate grow until age 70. However, there is a special family maximum benefit (FMB) rate that applies to disability (SSDI) records which can limit spousal benefits to as little as zero.

How Would Filing For Child In Care Spousal Benefits Affect My Wife's Future Benefits On Her Own Record?

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I will be 66 next month and my wife is 59. Based on our earnings we will both receive ~$2400 at FRA. We have a disabled adult child with Down syndrome living at home. I understand that once I file for benefits my wife is eligible for a spousal benefit when caring for my DAC at any age (as is my child). I don't understand how that impacts her future benefit based on her own work record since she will start to receive spousal benefits before 62 let alone her FRA of 66 10 months. I plan to take my benefit on my 66 birthday (FRA).

Is The Social Security Representative Correct In This Case?

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Client A is disabled and stopped working years ago. He started claiming benefits 4 years ago. His wife Client B applied at age 62 (Nov 2014) a month before he received disability benefits to claim her benefits on her record. Now 4 yrs later they are both approaching FRA 66 yrs. Client A just voluntarily suspended his benefits (as he was trying to avoid disability turning into retirement benefits) so he can claim DRC. He plans to turn them back on at age 70.

Are Spousal Benefits Based On The Other Spouse's Benefit Amount At FRA?

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Is spousal benefit based on the other spouse’s benefit amount at FRA, or on the other spouse’s benefit amount at the time the spousal benefit is claimed? My husband started collecting SS when he was 62. I plan to keep working and delay filing for myself until I am 70. My retired husband won’t be due any spousal benefit based on my SS account at my FRA, because his current benefit is more than 50% of what my benefit would be at FRA. However, I am entering my highest earning years and plan to delay collecting SS, so my benefit at age 70 will be quite a lot higher.

Should My Neighbor Have Been Collecting Spousal Benefits When Her Husband Was Alive?

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I am asking a general question for an elderly neighbor. She is currently widowed and collecting her deceased husband's benefit. We were discussing finances when I brought up that I was collecting a spousal benefit in addition to my own because I didn't work for many years while raising children. She told me that she never knew of a spousal benefit and even though she didn't work for many years she only collected her own benefit while her husband was living.