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You Can No Longer Take Just Your Spousal Benefit and Let Your Own Benefit Grow - Bottom LIne Inc
This is one of the most common questions we are asked. Can I take a spousal benefit and let my own benefit grow? At one time, you could do this; however, you still had to be at full retirement age (FRA) to utilize this strategy. This strategy is unavailable to anyone born after January 1st, 1954. This age group has now all turned 70, so it is over. It was known as a Restricted Application for Spousal Benefits. The ending of this strategy does not affect your ability to file a Restricted Application at the time of your spouse’s death; you still have the option to restrict your application to taking either your own benefit or survivor benefit first.
Spousal benefits are still available if you meet all the requirements. Bottom Line Inc. interviewed Martha Shedden, CRPC, RSSA, of the National Association of Registered Social Security Analysts (NARSSA) and published a detailed article on the topic. To read the entire article, click here …
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If you have any questions about spousal or survivor benefits, please contact one of our accredited Social Security advisors at the AMAC Foundation. Email ssadvisor@amacfoundation.org or call and speak with an advisor at (888)750-2622