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Old 07-22-2019, 10:41 AM
 
71,979 posts, read 72,020,102 times
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Quote:
Originally Posted by rocafeller05 View Post
What happens in this scenario:

Working spouse waiting till 70 to collect dies unexpectedly. Does the spouse get 1/2 of that amount at that time? Or do they go back to FRA amount and give 1/2 that?
Neither ....there is no more spousal when the earning spouse died ....there is survivor and that is a different formula .. it can and does use delayed credits up to 70 if the survivor is fra
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Old 07-22-2019, 10:43 AM
 
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Quote:
Originally Posted by mathjak107 View Post
Why would you assume you need to work to 70 to file at 70?
For me personally, I would have to work, or file. I clarified that in my post. I am guessing most people are not able to delay filing after they retire, unless they have a spouse’s income to rely on.
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Old 07-22-2019, 10:45 AM
 
Location: SoCal
13,393 posts, read 6,404,610 times
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Originally Posted by mathjak107 View Post
Why would you assume you need to work to 70 to file at 70?
I knew Mathjak would come along to set you straight.
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Old 07-22-2019, 10:48 AM
 
Location: SoCal
13,393 posts, read 6,404,610 times
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Originally Posted by ChessieMom View Post
For me personally, I would have to work, or file. I clarified that in my post. I am guessing most people are not able to delay filing after they retire, unless they have a spouse’s income to rely on.
You fall in the category, you must take SS to retire. It’s not the same as you have a choice to take SS at 62 or 70.
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Old 07-22-2019, 10:49 AM
 
29,846 posts, read 34,929,245 times
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Quote:
Originally Posted by ChessieMom View Post
For me personally, I would have to work, or file. I clarified that in my post. I am guessing most people are not able to delay filing after they retire, unless they have a spouse’s income to rely on.
Think of the people you work with who had pensions especially couples with pensions. If they retire after thirty years as many do and it is prior to age SS eligibility they are retiring without SS benefits.
My sense is that option occurs more with higher income workers and not as much those with more moderate salaries.
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Old 07-22-2019, 10:49 AM
 
71,979 posts, read 72,020,102 times
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Quote:
Originally Posted by ChessieMom View Post
For me personally, I would have to work, or file. I clarified that in my post. I am guessing most people are not able to delay filing after they retire, unless they have a spouse’s income to rely on.
We retired at 62 .... I simply laid out the ss we were not collecting from our portfolio until 65
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Old 07-22-2019, 11:04 AM
 
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Originally Posted by NewbieHere View Post
I knew Mathjak would come along to set you straight.
Well no actually. I was referring to my own situation. Already straight thank you.
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Old 07-22-2019, 11:06 AM
 
26,081 posts, read 33,089,518 times
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Originally Posted by TuborgP View Post
Think of the people you work with who had pensions especially couples with pensions. If they retire after thirty years as many do and it is prior to age SS eligibility they are retiring without SS benefits.
My sense is that option occurs more with higher income workers and not as much those with more moderate salaries.
COUPLES with pensions, hell yeah. Why would they need to file? At least, most of them anyway. Unless you have a much higher than average “ standard of living”. . My ex co-worker retire 2 years ago, at 65 2mos. He filed at retirement. They both have pensions.
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Old 07-22-2019, 11:11 AM
 
Location: Arizona
189 posts, read 113,762 times
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Quote:
Originally Posted by MI-Roger View Post
I find the center dip intriguing. Maybe is is the result of reduced spousal benefits being paid to women who typically live longer?

The rapid trail off at the higher end is interesting too. There must be a strong correlation between maxing out your SSA eligible income while working, and retiring early. This would push the high earners toward the left on the graph.
Probably all of the above. Couldn't get image to upload but this is from the SS administration showing the % of people who file between the ages of 62 and 70. There's an obvious dip between the ages of 63-65 and that rapid trail off between 66 and 70.

62 - 34.3%
63 - 6.3%
64 - 6.4%
65 - 10.3%
66 - 18.1%
67-69 - 3.9%
70 - 3.7%
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Old 07-22-2019, 11:13 AM
 
29,846 posts, read 34,929,245 times
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Quote:
Originally Posted by ChessieMom View Post
COUPLES with pensions, hell yeah. Why would they need to file? At least, most of them anyway. Unless you have a much higher than average “ standard of living”.
Umm, umm, umm
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