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Unfortunately, you cannot draw a spousal benefit early and allow your own benefit to continue growing.
So, you would not be able to draw benefits at age 64 and then let them grow to age 70.
You can wait until age 66 and draw the spousal benefit then, and THEN your amount will grow until you're 70, but you can't do that prior to age 66
Is there any scenario that it would benefit me to take spousal benefits when he turns 66. My own benefits at age 66 will be less than what I would get from his.
If you take them when he turns 66, then you will have a forever reduced amount. Therefore, it would not benefit you to take them because you would never be able to allow your own benefit to grow
You can take them when you turn 66, and then take your own benefit at age 70
Thank you. You have probably saved us some real issues as my husband has been pretty insistent that the best plan was for me to start now.
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Wait , now we we are confused again.. Sorry. He wants me to take his benefit at age 64 and at 66 apply and suspend mIne. I can do that right
No, you can't - that's what we discussed. You can take his benefit when YOU turn 66. You don't need to file and suspend for yourself.
You simply take the spousal benefit at your age 66, then at age 70 take your own benefit
Okay. That should stop him !!!! Thank you
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