In this video we will explore the possibility of taking the spousal benefit early and then taking your own benefit later after it has grown to a higher amount at age 70.
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Thank you for clarifying that question. My husband will collect his SS at age of 70, and at age of 62, I will collect 50% of his benefit. I was planning to collect 50% of his, and wait until 70, I collect my benefit, but govt does not allow that way, because I was not born before Jan 1954.
Thanks! Do you know how may videos out there with a gajillion views could not manage NOT to explain this correctly and succinctly…like you just did?
Hi, can I ask you one more question? Assuming my wife (who has no social benefits on her own) and I are both 67 today, I am trying to delay my benefit until 70 (so I can increase my benefit by 24%).
Can my wife apply for her spousal benefit today at 67? Someone told me she can’t apply for spousal benefits unless I am already apply receiving my own benefits, which I am delaying to 70 because I want to delay 3 more years to get 24% more. What do I do then? Do I have to apply for my benefits, so my wife can receive her spousal benefit while I am giving up the 24 % more payments by waiting until 70?
Does this rule apply to deceased ex spousal benefits? I am 63 and collecting my ex spouse benefits now. I was told I could take his until I reach 70 then collect mine which will be higher if I wait. I was born in 1957 and FRA is at 66 and 6 mo.
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