How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask PDtax Your Own Question
PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 4514
Experience:  35 years tax and professional advice in all matters money
Type Your Social Security Question Here...
PDtax is online now
A new question is answered every 9 seconds

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: 2 years ago.
Category: Social Security
Expert:  PDtax replied 2 years ago.
Hi from just answer. I'mCustomer
Expert:  PDtax replied 2 years 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 2 years ago.
Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer