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lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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I will turn 66 in October 2016 plan on applying

Customer Question

I will turn 66 in October 2016 plan on applying for benefits then,at full retirement age.
My wife turned 63 in Febuary 2016 wants to apply for benefits now her statement shows her benefit to be $505.00. When my benefit goes into effect will she be entiltled to larger spousal benefit told $1050.00 I/2 of mine which is $2670.00
Submitted: 7 months ago.
Category: Social Security
Expert:  lev-tax replied 7 months ago.
Yes - after you reach your full retirement age - your spouse will be eligible for spousal benefits based on your working record.Please be aware if she will start social security before her full retirement age - her benefits will be permanently reduced - regardless if they are based on her or your working record.Another option - if you want to apply now and suspend - that will allow your spouse to start her benefits based on your working record now - but that option is only available till Apr 30 because the new law will be in effect starting May 1, 2016.
Customer: replied 7 months ago.
What do you mean suspend if she applies now is all she will recieve is $500.00 per month for rest of life,and not eligble for
spousal benefit?
Expert:  lev-tax replied 7 months ago.
For your spouse - to be eligible for spousal benefits - you should be at full retirement age OR you should start your benefits.
Expert:  lev-tax replied 7 months ago.
If for instance - you start your social security benefits TODAY - your spouse would be immediately eligible to receive spousal benefits based on your working record.If you do not apply - your spouse will be eligible for spousal benefits when you reach YOUR full retirement age..I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you with all tax related issues.

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