Last group eligible in 2019 for spousal claiming strategy
Mart Beth Franklin explains in detail and seeks to clear up confusion on who is and who is not eligible for a particular spousal claiming strategy. In short, those born after the Jan. 1, 1954, cutoff date will never have the option of claiming spousal benefits only while their own retirement benefits continue to grow. Whenever they claim Social Security benefits, they will be paid the highest benefit to which they are entitled at that age, whether on their own record or as a spouse. They do not get to choose. Read her full piece on the subject here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. To learn more about this service visit the Foundation’s website.