When Should My Husband Apply For Spousal Benefits?

Category: 
Jul 4 2016 - 11:15pm

To Larry,

I am 69 receiving soc sec benefits - my husb/ is 63 (was 63 in March 2016) and still working part time (income 30k), not retiring until 70yo - Question: can he apply for spousal benefits?
Thank you,

Mary Jane

Dear Mary Jane,

Your spouse can collect a full spousal benefit for four years if he waits till 66 to file for it and doesn't take his own retirement benefit till 70. If he files for his retirement benefit before 66, he'll be forced to file (deemed to be filing) for his spousal benefit as well and his spousal benefit will be calculated as his excess spousal benefit. This could be zero.

best, Larry