Will Early Widow's Benefits Reduce My Retirement Benefit at or after FRA?

Jul 3 2016 - 10:15am

Hello - I am a 63 year old widow preparing to retire in next few months. I was told by Social Security that I was eligible to take widow benefits when I turned 60 but didn't because I made much more than the maximum $14,000. My plan is to take my husband's social security when I retire until I reach my full retirement age at 66. (he passed away at age 66 and had already been receiving social security since he was 65, his full retirement age). Then when I am full retirement age at 66, I plan to switch to mine because it will be a larger amount. My accountant doesn't trust what Social Security office has told me three times - they said my social security payment is not affected (locked in at a lower rate) by taking my husband's now. I will receive social security based on my full retirement ago. Does the new law affect me? Thoughts? Thank you very much!

Cindy,
Social Security is right! Your retirement benefit, at or after your full retirement age (FRA), will not be affected if you take your widow's benefit before your FRA. The Bipartisan Budget Act of 2015 does not affect you.
Best,
Mike