Fact check my S.S. plan (divorce, divorced, spouse, social security)
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Wife's family has short live spans, mine has long (father lived to be 97 in good health)
In November of 2013 wife will be 63 and I will be 66. Plan is for her to file for SS (apx. $825 mo) following month I will file for spousal benefit of 50% of hers ($412 mo). We will collect this untill I reach age 70 and then I file file for my benefit. The total of hers ($825) and my spousal ($412) would be more than her spousal on my benefit of $2400 x 50% less 20% penalty for her filing early. So many options to look at, it's difficult to know the best plan of action. Thanks,
tbill
There have been other threads in this Retirment Forum on the same subject - coordinating the timing of taking spousal benefits as to which spouse should file when - so I would suggest that in addition to waiting for responses here, you should look for those other thread titles and read through them.
(I cannot respond directly because I am not well versed in the whole spousal thing, having been divorced for some time.)
Been there, done that. (lol) I think I've read every post on social security in City-Data, and I'm still not sure about how to proceed. Spoke with two different s/s agents in two different states and received two different answers to the same specific question. Mostly likely the posters here are as qualified as some of our federal employees.
I think your thinking is good but I do not know if you can get a spousal benefit until your wife is 66. Assuming you can I would look to see if she should change to a spousal benefit when she is 66. You would do a file and suspend and as you are planning your benefits would not start until 70.
they are okay... file and suspend is really only for cases where the spouse has no earnings record of there own..we will do the same , my wife filed at 62 .. i will collect 1/2 hers when im 66 and let mine run until 70.
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