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Why to Delay Social Security Benefits if You’re Married
Katie Brockman explains the usual benefits of waiting past age 62 up to age 70 before starting Social Security benefits. But, as she states, if you’re married, there’s one compelling reason to consider waiting until age 70. After a death, widow(er)s may be entitled to survivors benefits. Often, the surviving spouse could receive the deceased person’s entire benefit amount. That means if you delay benefits until age 70 to collect as much money as possible, your spouse could continue receiving those larger checks even after you pass away (and vice versa) which could have a significant impact on the surviving spouse’s retirement income, especially if he or she is living primarily off of Social Security benefits. Full piece 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. Learn more about this service via the Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.