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emc011075
emc011075, Tax Adviser
Category: Social Security
Satisfied Customers: 2318
Experience:  Tax adviser IRS licensed Enrolled Agent and tax instructor
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If my husband and I each take our social security at 70 are

Customer Question

If my husband and I each take our social security at 70 are we penalized for being married?
JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.
Customer: If my husband and I each take our social security at 70 are we penalized for being married
JA: Is there anything else important you think the Retirement Accountant should know?
Customer: Not really. My husband is 63 and I am 61, I was told by a friend that we might not get our full social security at 70 since we are married
Submitted: 1 month ago.
Category: Social Security
Expert:  emc011075 replied 1 month ago.

Hi. My name is ***** ***** I will be happy to help you.

Your own social security benefits are based on your own records and your marital status has nothing to do with it. You get penalized if you apply early before your full retirement age. Waiting until 70 will actually increase your benefits by another 25%.

Expert:  emc011075 replied 1 month ago.

I see you read my respond. Do you have any questions? Is there anything else I can help you with today?