I realize you have a question about social security. My goal is to provide you with excellent service, and help you better understand your options.
How are you today?
Yes, what you are referring to is called "file and suspend" and it is an available option for you
Your wife's benefit would grow to its max at age 70, while your own benefit would also grow
Is this a good strategy or should one of us just apply for our benefit? We're trying to maximize our benefits for later age.
It's a good strategy if you are in good health.
If you are expected to live a long life, then it makes sense to defer benefits. You would come out ahead in the long run
If you are not in good health, and not expected to live as long, then you would not come out ahead. You would receive more per month, yes but total dollars the government would come out ahead
Yes, my wife's health is excellent and both of her parents lived into their 90's. My health is currently good and all problems are curable, but heart problems run in my family. My thinking is to maximize my benefit, which is the larger of the two, so that my wife will get the largest benefit after I die.
Yes, then filing and suspending until age 70 would be the best way to go in your route
Ok, this is what I'll do. I'll file, and suspend, and my wife will then file for spousal benefits.
Yes, that sounds good. Is there anything else I can help you with today?
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