We are planning to have my wife take her Social Security at 66 (FRA) and then I will claim 50% spousal benefit (I was born in Nov. 1953) via a restricted benefit claim. Then, when I am 70, I will claim my Social Security benefit (dropping my spousal benefit) and then switch my wife over to claim 50% spousal benefit now under my social security (which exceeds what she would have gotten had she waited to claim at 70 under her social security). Does this sound like an a-OK strategy?

Hi,

It sounds like that would likely be the best plan in your case, but you may still want to consider using our maximization software to be sure. I assume you're aware that you couldn't file just for spousal benefits only without also filing for your own benefits until you reach your full retirement age of 66.

Best, Jerry