Q & A
I’m 67. I retired at 62 after 34 years and elected to begin taking my SS benefits. My wife is 65 and just retired after 21 years of work. She hasn’t taken her SS benefits yet. Is there a smart strategy (I hear about spousal strategies) to employ here, or did I eliminate strategic moves by having taken benefits at 62? I’ve tried to research this, but can’t seem to get a definitive answer. thanks for your consideration.
Answer: Your filing eliminated your ability to file a restricted application for only spousal benefits off your wife’s record. You are still eligible to suspend your benefits. If your benefit is larger than hers, this may be a good move because your benefit would be the benefit for the survivor of the two of you. Read more…
Source: Dan Moisand, www.moisandfitzgerald.com, via www.marketwatch.com – 8-10-2015
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