My wife took SS AT 62. I am applying for SS at 66, six months early to my FRA. If my wife does not apply for spousal now, will her spousal increase in the future? Or will it be based on my SS now when I apply ?

Hi. Your wife's spousal benefit rate would increase with all future Social Security cost of living (COLA) increases, regardless of whether she claims the benefits now or in the future. However, if she starts drawing spousal benefits prior to her full retirement age (FRA), the percentage reduction for age that would apply to her benefit rate would be permanent for as long as both of you are living.

It sounds like you and your wife should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully compare and analyze all of your various options so that you can determine the best overall strategy for maximizing your benefits.

Best, Jerry