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dylatess
dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3427
Experience:  37 plus years of SSD practice
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I am 66 and I don't plan to receive SS benefits til 70. Do

Customer Question

I am 66 and I don't plan to receive SS benefits til 70. Do I need to file something? What is "file and suspend"?
Submitted: 1 year ago.
Category: Social Security
Customer: replied 1 year ago.
I am a criminal court judge...no tax expert!
Expert:  PDtax replied 1 year ago.
Hi from just answer. I'mCustomer and can assist. File and suspend is a technique designed to get spousal benefits for the lesser earning spouse. Such a spouse can get up to a 50% benefit of the higher earning spouse files for benefits, then suspends collecting. The higher earning spouse benefit grows at 8% per year for the deferral.
Expert:  PDtax replied 1 year ago.
At age 70, the 8% growth stops, so deferral no longer makes sense. Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer