Social Security Questions? Ask a Social Security Expert
Yes, however it may not make a difference,
If she files at age 62, she faces a 30% early penalty of benefits,
if she waits a year her penalty is reduced to around 20%,
regardless if you apply,
if you apply together next year, you would face an early penalty and well as her, but her is less by 12 months,
If she needs the money now, it may be best to apply for it now,
the penalty is reduced if she waits till her full retirement age which is typically 66,
SS papers we have say we are getting about $665 for her and $1715 at age 62 for me.Are you saying we are going to get a penalty on that amount?
If that is the amount for full benefits,
you would both face an early penalty on both,
also if you do take benefits at 62, she can apply for spousal benefits, which would be 50% of your benefits,
so that may be higher, than her amount,
You can look at the link above, for more information about the early penalty,
Good luck, and if you have any further questions please do not hesitate to ask.
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