My husband started his Social Security benefits a few years ago at age 65, but has continued to work. When I begin collecting benefits at 66, will I receive half of his fra, or half of the amount he is currently collecting, which has increased due to colas and salary increases?

Hi,

Your spousal rate would be equal to 50% of your husband's full retirement age rate (PIA) provided that you start your spousal benefits at your full retirement age (FRA) or later. Your husband's PIA can increase after his FRA due to additional years of earnings and cost of living increases, and your spousal rate would be adjusted accordingly. However, if you're also drawing benefits on your own record then you could only receive the higher of your own rate or your spousal rate.

If you were born prior to January 2 1954 then you would have the option of filing just for spousal benefits only at your FRA and letting your own benefit rate to grow until age 70. To explore that and all of your other filing options you may want to strongly consider using our maximization software.

Best, Jerry