Ask Larry

When Should My Husband Start His Benefits?

My husband turns 66 on March 1, 2017 and I am filling out the form to apply for his SS benefit as he wants to start receiving benefits at age 66, his full retirement age. (Note: he was born on the first of the month.) On the form they ask: Do you want benefits to start in 02/2017?
You must choose "Yes" or "No" for this field.
Yes No (Your other available option is 03/2017.)
Do I choose the 02/2017 one since they use the day before as the actual date of FRA??
thanks for your help.

Hi,

Since your husband was born on the first of March, Social Security will count him as reaching his full retirement age as of February. So, he will be eligible for his full retirement age rate if he chooses February as his month of election to begin benefits. The payment for February comes in March, by the way.

Before making a final decision about when to apply, though, you may want to consider running the maximization software available on this website. There may be better filing options available that you haven't considered.

Best, Jerry

Posted: 
Nov 17 2016 - 7:30pm
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