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PDtax, CPA firm owner
Category: Social Security
Satisfied Customers: 4522
Experience:  35 years tax and professional advice in all matters money
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Wife is 64, I am 66. Can she file and simultaneously suspend

Customer Question

Wife is 64, I am 66. Can she file and simultaneously suspend her retirement benefits allowing me to file for a spousal benefit of 50% of her full retirement benefit until I reach age 70 and then begin taking my full retirement benefit? If she does that at 64, what is the impact on her full retirement benefits if she waits 'til age 70 be begin taking them? Does she suffer any penalty at all
Submitted: 1 year ago.
Category: Social Security
Expert:  PDtax replied 1 year ago.

Hi from just answer. I'm PDtax, and will assist.

Expert:  PDtax replied 1 year ago.

Her claiming early discounts the amount of her benefit fit purposes of what you get as a spousal benefit. If her FRA (full retirement benefit) at age 66 is $1500, her age 64 benefit might be $1275. Your spousal benefit might be $638.

Expert:  PDtax replied 1 year ago.

Her benefit would continue to grow until she chooses to draw a benefit. File and suspend does NOT reduce her future benefit.

Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.