I turned 66 in June of 2017, but have not yet started collecting Social Security. My wife turns 66 next month. We both intend to file for Social Security benefits next month. My wife intends to apply for Restricted Application. According the the Social Security Representative, my wife will get half of what I was supposed to get in June of 2017; not half of what I am entitled to in February of 2018. Also, by filing in February, I will only get what I was entitled to in January of 2018 and will have to wait until January of 2019 to get the amount due me by filing in February. Is that accurate?

Hi,

Essentially, yes. Your wife will get 50% of your full retirement age rate (PIA), which will include the recent 2% cost of living increase. Also, your last delayed retirement credit (DRC) for January 2018 will be due effective with your check for January 2019, but it may take close to 2 years for Social Security to actually processes that increase. They will eventually pay you any back pay due, though.

You and your wife should strongly consider using the maximization software available on this website in order to make sure you are choosing the best possible filing strategy.

Best, Jerry