Social Security Questions? Ask a Social Security Expert
You will not be able both to use the "file and suspend" strategy.If you start receiving benefits now - at age 66 - you will not be able to have your benefits grow till age 70.However if you are eligible for your own benefits and benefits based on your spouse 's working record - you may receive larger of these AND
your spouse may postpone his benefits till 70 and let them grow.
That is correct
As long as you are at full retirement age (FRA) - a restricted application takes place when you apply for spousal benefits ONLY and delays your own benefits.That would allow your benefits to grow 8% a year.
anyone who was born in 1953 or earlier (or January 1st of 1954) will still be able to do a Restricted Application for spousal benefits, even if the filing doesn’t occur until years from now.That “Social Security loophole” will be closed at the end of April 2016.
In general you may apply for social security benefits 3 months before you turn age 62 or 4 months before you want your benefits to start.There is no special provision for the restricted application - as that is not an official term.The term of a restricted application means that you apply for spousal benefits ONLY and delays your own benefits.So if you want benefits to start from May 13, 2016 - you are eligible to apply after Jan, 13 2016.As long as you apply before the end of Apr 2016 - you are OK.