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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 …
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
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.