I am close to retirement. My wive works for a college where she will get a pension. She has been there 10 years.

I expect to retire at 65.

My wive earned enough credits in disuse security to get benefits.

How much will her be fit decrease due to the pension.

Hi. Assuming that your wife's pension is based on earnings that were exempt from Social Security taxes, it sounds like receiving her pension will cause her Social Security retirement benefit rate to be lowered due to the Windfall Elimination Provision (WEP). The WEP formula is complex, so I can't tell you how much of a reduction your wife could expect without much additional information (https://www.ssa.gov/pubs/EN-05-10045.pdf).

Our software (https://maximizemysocialsecurity.com/purchase) is fully programmed to handle WEP calculations, so you could calculate your wife's benefit rate using the software. The software is also designed to fully analyze the options available to you and your wife in order to determine your best strategy for maximizing your benefits.

Best, Jerry