Ask Larry

What Should We Do Now?

My husband date of birth is 07/30/1955 and we want to suspend his ss and he return to work on June 3rd , 2021, we both were out of work because of Covid-19, now I am unemployed and my DOB I am currently getting unemployment, what should we do now that he can get ss and what strategies is beneficial toward our situation, we both worked and can get our own SS when the time is right

Hi. I'm a bit confused by your question. You mention wanting to suspend your husband's Social Security, but then later ask what should you do so that he can get SS. So, I don't know if he's currently getting benefits or not. If he is, he could suspend his benefits (https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409110) starting with September 2021 in order to earn delayed retirement credits (DRC). That would be his full retirement age (FRA) based on the birthdate you've listed.

Whether or not that would be a good strategy depends on your individual circumstances. There isn't a 'one size fits all' best filing strategy for Social Security. The best strategy for you and you husband depends heavily on your relative ages, and your relative benefit rates. In some cases, one filing strategy or another is obviously the best, but in most cases it's a judgment call.

It sounds like you and your husband should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) in order to fully analyze all of your options so that you can determine the filing strategy that best fits your needs.

Best, Jerry

Posted: 
Jul 12 2021 - 6:33pm
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