My wife is 64 and I am 65, I am waiting until 65 And 2 months to collect my full SS. I have the larger amount coming (est $3,000) per month next April. My wife’s SS if she started collecting now would be about $500 per month
Should she start collecting now?
Or should she wait until she is 66 +
When I start to collect next April, how will this affect her SS if she is collecting

Thank You
R D

Hi R D,

Larry,

Thank you so much for your very prompt reply. I do truly appreciate it.

If you don’t mind one additional Email, I’m going to ask you in a little different way leaving out the retroactive aspect since you very clearly answered that.

The following is hypothetical couple situation is what I asking now:

Hi Jerry,

Hi Larry,

If I start receiving a widow's benefit at age 60, can I defer my own Social Security and let it continue to grow?

Hi,

Yes. Normally, you would want to start out drawing the lower benefit first and then switch to the higher benefit when it reaches it's highest potential rate. Our software (https://maximizemysocialsecurity.com/purchase) could help sort all of this out for you so that you can determine the best strategy for maximizing your benefits.

Best, Jerry

My husband started getting disability benefits 6 years ago, he's 66. I'm 68, and I started getting spousal benefits last year, I filed a restricted application for spousal benefits only. I get it monthly, and I received one payment of about $9,000 that a SSA rep said was back pay. My delayed retirement credit is 16%, I may take 4% (6 months) retroactively, when I file for my retirement this year. I'm wondering will my retroactive retirement payment be reduced because of the spousal back pay I received? Thank you.

Hi,

Hi Larry,
I would like your thoughts on collecting Social Security at 62 to preserve my assets. I am 59. My thoughts are that my grown children cannot inherit my Social Security. Instead of drawing down my funds I would supplement my pension and required distributions from an inherited IRA by collecting Social Security.
Thanks for your comments.
HRH

Hi HRH,

I will be 69 come January 2021. If I ask for 6 months retro retirement payments, what payment amount will I get going forward from January 2021? (Age 68.5 or age 69 rate). Thanks
Gary

Hi Gary,

Filing stategies
I'm trying to get social security right, my information is l was born on April 30, 1951 Pia was 2453 i worked until 68 so i plan to wait until 2021 at 70 to file for social security at that time it will be around 3479. I was married that lasted more than 10 years she is already collecting social security. My wife will be 62 August 26 2020 her pia is 1732 and will grow to 2402 at 66 &8mo. I have read your book and if i understand it right she can collect on her social security and then if i pass away first she can switch to my surviver benefit.

I am 63 and my husband passed away two years ago at 62, he never collected SS. I was wondering if I could go ahead and apply for my SS now and then when I turn 66 apply for my deceased husbands? I really need his higher benefit in retirement, so I don't want to make a mistake. Thank you

Hi,

I'm sorry for your loss.

Hi. I actually bought the software today, thank you! Now I will load my history.

In a previous answer you seemed to be saying that if my wife (who is approx. same age (65) as am I ) files at her FRA of 66 and gets her benefit of say $800/month and if I wait til 70 to file and get $3,000/month, then even though her benefits may only go up very little, say 1% per year, over the 4 years til she is 70, and at that point her benefits are say $840 per month, that her benefits then suddenly jump to $1500 a month (50% of mine) at that time (when she turns 70)?