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?
The downfall that I can see on the age difference is that your wife's benefit would be reduced to 1/2 of your reduced benefit.
So, over time you may draw less money overall than if you had waited.
Hello. I'm fine. So, when she claims her benefit at 62...it will be a reduction of a reduction
Oh and if she's 62 it will be even less ... only 35%
She would have to wait until her full retirement age, which is 67, to get a full 50% of your benefits
do i only get 1 question
No you get as many as you can think of while we are sitting here :-)
would her survivor benefit be 100?
Her survivor benefit would be 100% of your benefit if she drew it at age 67
If she draws it early it will be between 75% and up, depending on how old she is when she finally draws
if i wait until 70yo...then here benefits would be 35% at 62....and 50% at 67?
sorry. not 0
if i wait until 67
Your full retirement age is 66
If you wait until then, you get 100% of your benefit. She would still only get 35% of that amount if she drew at age 62
ok. if i wait until 66
got it. how does delaying from 66 to 70 work
You would get a larger benefit. It grows 8% per year
so your benefit could be as much as 32% higher
this is great. last question(s)
Okay go ahead
will she have the choice to claim her own benefits...vs...spousal?/
Yes, she always has a choice
If her benefit is higher, she can draw that.
If you pass away before she is full retirement age, she can draw the survivor benefit and allow her own benefit to grow to its maximum.
makes sense. this is great. i wish i could think of more questions...
She can also draw the spousal benefit starting at age 67 and allow her own benefit to grow until age 70
oh well. thank you for your time.
that is good to know
But, she cannot draw the spousal benefit PRIOR to full retirement age and allow her benefit to grow
Do you have any more questions?
one silly one
do we have to continue to reside in the us
Never a silly question.
Where do you want to move, and are you US Citizens?
i am a us citizen. but, if we were to move to say ....costa rica
Okay let me make sure you can continue your benefits indefinitely there
does it depend on which country?
I just checked and costa rica is fine
There are certain countries that the Social Security administration won't send payments to
where would i find that list?
It's countries that the US doesn't have good relations with
but let me get you the link
Your Payments While You Are Outside The United States: Countries to which we cannot send payments
there's the link
when she decides to draw spousal benefits...does it impact my benefits
No it does not
if my ex wife...of more than 10 years..unmarried....decides to draw...does it impact my benefits
No it does not, and it does not impact your wife's benefits either
you are too good. thank you so much. i will use this service again.
Great! Come back and make sure you ask for me.
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