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Old 04-06-2016, 09:12 AM
 
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I am reading that the restricted application for Social Security will be ending in 2020. Am I reading this correctly? Is it true?
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Old 04-06-2016, 09:23 AM
 
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YES , ACCORDING TO KICES

but not for those 62 or older in 2016 .


Effective Date For Elimination Of Restricted Application

Notably, though, the new rules for restricted application applies only to those who attain age 62 in any calendar year after 2015. Thus, today’s retirees who are at FRA (or simply who are already at least age 62 in 2015, born in 1953 or earlier) will still be able to utilize a restricted application. Only future retirees – those who turn 62 in 2016 or later, which means those who would have been planning to engage in a restricted application in 2020 or later – will lose access to the Restricted Application claiming strategy. Or viewed another way, anyone born in 1953 or earlier is “grandfathered” and will still be able to engage in Restricted Application in the future (since they remain eligible based on birth year, even if they don’t turn age 66 until 2019), while anyone born in 1954 or later will never be eligible to do a Restricted Application.
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Old 04-06-2016, 09:24 AM
 
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I guess being older has it's advantages ha ha.
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Old 04-06-2016, 09:33 AM
 
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Quote:
Originally Posted by mathjak107 View Post
I guess being older has it's advantages ha ha.
Yep, being at the tail end of the baby boomers I missed the boat again.
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Old 04-06-2016, 09:41 AM
 
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OK, so because my husband was born in 1953 or earlier he can file restricted application on me even though I won't be 62 by 2020? In other words, at the time I turn 62 after 2020 and I take social security he can then file restricted on me because he will be less than 70?
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Old 04-06-2016, 09:45 AM
 
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yes that sounds right
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