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PDtax
PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 4097
Experience:  35 years tax and professional advice in all matters money
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I am on full social security @ $2700 a month. If my wife, when

Customer Question

I am on full social security @ $2700 a month. If my wife, when she turns 62, applies for spousal benefit, she would get about 35% of my benefit, about $945 a month. When she reaches full retirement age of 66, could she then claim her full benefit instead of
the spousal benefit? And would her full benefit be less because of applying early for
the spousal benefit?
Thank you.
Submitted: 1 year ago.
Category: Social Security
Expert:  PDtax replied 1 year ago.
Hi from just answer. I'mCustomer
Expert:  PDtax replied 1 year ago.
The problem with claiming early is that date sets the discount for either benefit stream. To best use this strategy, she could wait until FRA, claim a soak benefit, and then her own continuesto grow at 8%.The discount would apply to both a spousal benefit and her own. Filing early discounts apply to both.
Expert:  PDtax replied 1 year ago.
Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer