Ask Larry

What Is the Best Strategy For Us To Maximize Our Social Security Benefits?

I am 60 and married to my wife Traci, who is 62. Traci is a homemaker, and not qualified for her own social security, while I'm fully qualified. We can afford to wait as long as we can to claim the benefits. So, what is the best strategy for us to maximize our social security benefits?

Thanks in advance,
Al

Al,
Your best strategy depends on you maximum age, but If both you and your wife are in good health, you will maximize your lifetime Social Security benefits by delaying your retirement benefit until you are 70 and your wife taking her spouse's benefit at that time.

Thanks,
Mike

Posted: 
Jul 30 2016 - 9:45pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.