Good points. Both my wife and myself are planning to retire soon/a little early. We will for sure not take mine until T least 67 but may take hers earlier.
If I die before my wife, she doesn’t need as much money as our combined income for herself. I don’t expect her to travel as much without me. She needs to stay home and mourn her loss. If my wife dies before me, I GUARANTEE I won’t need as much money as I need now 😂
Delaying one and starting the other can make a lot of sense. The problem is you can’t start the spousal benefit, unless that spouse has started. In today’s world most couples both have work records, so the split strategy makes a lot of sense. My wife took at 63, I’m waiting till 70. We both retired at 63.
My income is ok but my spouse income is none for many years . Can she still claim for half of mine and I still get 100 percent
Good points. Both my wife and myself are planning to retire soon/a little early. We will for sure not take mine until T least 67 but may take hers earlier.
what about the household maximum? ss increases the longer you wait but the married couple limit kicks in years before age 70
If I die before my wife, she doesn’t need as much money as our combined income for herself. I don’t expect her to travel as much without me. She needs to stay home and mourn her loss.
If my wife dies before me, I GUARANTEE I won’t need as much money as I need now 😂
😂
I thought it was half of the higher amount
The spousal benefit is 1/2 of larger ( both spouses are alive). After one dies, Survivor benefit is the single larger of the two.
OR you both earned the same amount during career, they should be equal. 1/2 of larger if one spouse made significantly less.
Delaying one and starting the other can make a lot of sense. The problem is you can’t start the spousal benefit, unless that spouse has started. In today’s world most couples both have work records, so the split strategy makes a lot of sense.
My wife took at 63, I’m waiting till 70. We both retired at 63.