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Old 08-11-2014, 06:18 AM
 
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If my husbands files at 62 can I take a spousal benefit at 60?
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Old 08-11-2014, 06:35 AM
 
Location: Baltimore, MD
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Quote:
Originally Posted by crystal lite View Post
If my husbands files at 62 can I take a spousal benefit at 60?
No.
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Old 08-11-2014, 07:40 AM
 
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Thank you Lenora. If I file at 62 can I switch to spousal benefits at 64 when DH files for FRT SS benefits? Can DH file for spousal benefits at 64 when I fill at 62? TIA
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Old 08-11-2014, 09:07 AM
 
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Quote:
Originally Posted by crystal lite View Post
Thank you Lenora. If I file at 62 can I switch to spousal benefits at 64 when DH files for FRT SS benefits? Can DH file for spousal benefits at 64 when I fill at 62? TIA
I will let Lenora answer but you would be leaving a lot of money on the table if you did.
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Old 08-11-2014, 09:18 AM
 
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I would be more than grateful for anyone to answer. Thank you
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Old 08-11-2014, 09:27 AM
 
Location: Central Massachusetts
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Quote:
Originally Posted by crystal lite View Post
Thank you Lenora. If I file at 62 can I switch to spousal benefits at 64 when DH files for FRT SS benefits? Can DH file for spousal benefits at 64 when I fill at 62? TIA
I do not think that both can take spousal. It is as I read it that the lower SS holder would be able to file for spousal and for certain both cannot take it at the same time if it were allowed unless divorced maybe. That I do not know but I cannot see that being allowed.
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Old 08-11-2014, 09:48 AM
 
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I should of said that it would be one or the other not both. Trying to figure out which one of us will file for spousal benefits. Thanks Golfingduo
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Old 08-11-2014, 10:58 AM
 
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Both my hsband arnd i took the first option. I am a writer and have no pension and my husband did not retire until 72. He does get pension. Per his calculations money today is worth more than waiting and the break even point is too long. I feel we should have waited because along with the MRD, our taxes are high. SS in only adding to the taxable income.
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Old 08-11-2014, 01:26 PM
 
Location: North of South, South of North
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Wow, lots of interesting thoughts. Here is my scenario. I am married and I became disabled at age 50 and could no longer work. I am not on any disability and I am 51 now. I know how much I would have received in SS benefits, if I worked until retirement age of 67. But I believe that was based on if I continued at my current income the entire time, which I did not. So I "assume" that every year I do not work will in effect lower how much I actually would receive. If that is correct, does it make sense to grab SS as soon as I become eligible in 11 years, at age 62?
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Old 08-11-2014, 02:43 PM
 
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I will be retiring at 62 and after much consideration will be taking SS at the same time. While I realize that I will be getting a smaller portion it makes more sense to me to take it and not touch my 401k than draw on that one and wait on SS.
Thankfully at 62 between my pension and SS I won't have to touch my 401k unless I want extra spending cash or emergency costs.
I keep hearing about the fact that we live longer but have seen too many hold off and then die younger than they thought.
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