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First you need to figure out if your wife has a higher benefit on her own record, or if 1/2 of your benefit is the largest amount she can draw.
If her own benefit is larger, what I would do is file as a spouse first (FASSF) and draw 1/2 of your benefits, allowing her own benefits to reach their maximum at age 70. This would accrue additional benefits. Over time, she will draw more money.
If your benefit is the larger of the two amounts, then there's no benefit to FAASF and she should simply take 1/2 of your benefit.
My benefit is higher. So all she should do is file for her own benefits which would be half of mine. Am I understanding this correctly? There are no spousal benefits involved.
How much would your wife draw at full retirement age, and how much do you draw
Self = appx $2500 Wife would draw appx = $850
Okay, your wife would draw more if she drew a spousal benefit off your record. She would get 1,250 per month
And you would keep your same amount
So when applying we should just ask for her spousal benefits?
Yes, that is correct. She will draw quite a bit more money that way.
Ok. Thanks, Meg Have a great day!
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