My wife is currently collecting disability. Her DOB is 3-17-53. She will reach FRA on 3-17-19. I am 60. My DOB is 1-24-1958. Is the best way to maximize our benefits, is for me to wait until 70? Do I need to file and suspend at my FRA of 66, 8 months? When I turn 70 and start collecting benefits, can my wife then apply for spousal benefits? And collect the spousal benefits instead of her own benefits.

Hi,

Your best filing strategy largely depends on your and your wife's comparative benefit rates. You should strongly consider using our maximization software to compare your options and determine the best overall strategy for you and your wife.

There would likely be no reason for you to file for and suspend your benefits at your full retirement age, since even if your wife qualifies for spousal benefits they couldn't be paid to her while your benefits are in suspense. And, you could earn delayed retirement credits in the same manner whether you file for and suspend your benefits or simply wait until later to apply for benefits.

Your wife may be able to receive spousal benefits when you start drawing your benefits, but only if 50% of your full retirement age rate (PIA) is higher than your wife's own PIA. And if it is, she wouldn't receive only spousal benefits and stop being paid her own benefits. Instead, she would continue to be paid her own benefit rate plus a partial spousal benefit equal to 50% of your PIA minus her own PIA.

Best, Jerry