I am 53 . I want to quit work at 60 and wait till 67 to collect SS. How much will 7 years of no work affect my amount. What is the formula.
Also I plan on marring a woman who is 59 with no SS credits. Can she receive some if we are married and she turns 67.

Hi,

Your retirement benefit rate will be based on your highest 35 years of wage-indexed earnings. For more information on the calculation method used, refer to this Social Security publication: https://www.ssa.gov/pubs/EN-05-10070.pdf.

Your new spouse could potentially receive spousal benefits on your record, but not until you file for and start drawing your benefits (https://www.ssa.gov/planners/retire/applying6.html). You may want to consider using the maximization software available on this website in order to be sure that you choose the best filing strategy.

Best, Jerry