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I would file and suspend your benefit now, and allow your wife to draw off your benefits. The funds you will get over the next few years will take several years to recover if you look at the extra income you earn from deferral. For example, if your wife got $500 per month, she would draw that for four years, which is roughly $24,000. Say, for example that your deferral only added $100 per month to your benefits. It would take 240 months, or 20 years, to make up that difference.
I am just using those numbers for simplicity
But, the basic gist is that I would file now.
She can draw the spousal benefit, allowing her own to grow and you can allow your benefit to continue growing.
It's a win-win scenario.
If you don't file and suspend, you're leaving money on the table.
Answer good so far. If I file and suspend can I change my mind and start drawing my SS (without any penalty) if I find that my health changes?
Oh yes, you can start drawing your benefit at any time
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