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Old 12-23-2011, 07:21 AM
 
Location: in the miseries
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My husband just started collecting social security at 70 Maximum benefit.
I want to start now, too. I am 65 and four months; do I get half of his benefit? I am a non working spouse.
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Old 12-23-2011, 08:25 AM
 
Location: SW MO
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Quote:
Originally Posted by luvmyhoss View Post
My husband just started collecting social security at 70 Maximum benefit.
I want to start now, too. I am 65 and four months; do I get half of his benefit? I am a non working spouse.
You should be eligible for up to half the amount that he's receiving but adjusted down because of your age. It will not affect what he receives.
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Old 12-23-2011, 08:59 AM
 
Location: Baltimore, MD
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If your full retirement age is 66 and you apply now, your benefit will be slightly reduced from the 50% you would have received had you waited until age 66. In addition, you will not receive 50% of the benefit he receives at age 70, even if you wait until your full retirement age. IOW, at your full retirement age, you would be entitled to receive 50% of what he would have received if he retired at his full retirement age. So, your benefit will be significantly less than 50% of his current benefit.
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Old 12-24-2011, 06:54 AM
 
Location: in the miseries
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exactly what I wanted to know thanks
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Old 12-24-2011, 08:38 PM
 
Location: Florida
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It depends on when he started collecting. But in general you can collect 50% of his benefit but not more than 50% of what he could collect at normal retirement age (probably 66) if he started collecting latter.
Call SS and set up a phone interview and discuss. You also have to sign up for medicare at 65 so if you have not do it today. You can do it on line. No cost to you for part A.
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Old 12-24-2011, 09:09 PM
 
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not yet in my retirement age, but curious...
Will the spouse be able to collect the 50% if the spouse were working??
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Old 12-25-2011, 12:47 PM
 
Location: California
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There is something called "File and Suspend" which I think means the highest wage earner files, and suspends his payments so he can continue to increase his benefit amount while working. This allows the spouse to collect but, and here is my question also, not affect her 50% until she reaches 66? I'm as clear as mud on that one but have heard about it several times. We are considering that as my husband is nearly 69 but I am not yet 65 so that might be something for us to consider.

I also wonder what would happen if they change the rules regarding this and if the spouse could get caught in a trap of less than 50% in the future.

Edit:

I may have just found my answer:


http://www.forbes.com/sites/advisor/...es-the-skinny/

http://financialducksinarow.com/2174...rity-benefits/

Hope this benefits others also.

Happy Retirement!

Last edited by Heidi60; 12-25-2011 at 01:18 PM.. Reason: adding new link
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Old 12-25-2011, 06:13 PM
 
Location: Florida
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Quote:
Originally Posted by anna_mom View Post
not yet in my retirement age, but curious...
Will the spouse be able to collect the 50% if the spouse were working??
Yes. The spouse and the worker must both have reached their normal retirement age. Look up file and suspend for additional information.
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