Is it possible to claim a spousal Social Security benefit while waiting for your own benefit to grow?

Asked by Erin

4 Answers

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Answered by Ebrahim Rad, LUTCF , CLTC , MDRT in Woodland Hills, CA
Yes, you need to be 65 years old and you will receive 50% of what your husband received. You can do it at 62 but you will loose your choice completely and it isn't worth it . | 02.09.16 @ 05:39
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 06:25
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Answered by DENISE WILCOX
What you are describing is the filing of a Restricted Application. You may do that when you reach Full Retirement Age (FRA). The FRA is dependent on your birth year, it may be 66 but it could be at an older age depending on your birth year. With the recent changes in SS benefits which took effect 01/01/2016, you may not have an option for Restricted Application . It too is tied to birth year.

The new rule that phases out the restricted application strategy only affect people born on Jan. 2, 1954, or later, Hope this helps! | 02.09.16 @ 19:25
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 06:25
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Answered by Jim
The ability to file a restricted claim for spousal benefits only is being phased out by Social Security. You can only use this strategy if you are born before Jan 2, 1954, and even then, only if you are over full retirement age (probably close to 66, depends on your age). If you are born after Jan 1, 1954, you will automatically be deemed to be claiming the higher of your own benefit or the spousal benefit, regardless of the age at which you claim benefits.
| 02.09.16 @ 19:34
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 06:25
Answered by James Biasotti, Financial Adviser in Roseville, CA
Wow convoluted answers- lol. Jim's above is the most accurate . The ability to file a restricted claim for spousal benefits only is being phased out by Social Security. You can only use this strategy if you are born before Jan 2, 1954, and even then, only if you are over full retirement age (probably close to 66, depends on your age).

What this means in English. You need to be age 62 or older as of December 31 st 2015. Your spouse has to be filing for his benefit or have "filed and restricted" before April 30th of 2016. You need to be full retirement age (66- 67) to file a restricted application for a spousal benefit.

If you are born after Jan 1, 1954, or younger than age 62 as of 12/31/2015 you can only file for one benefit either your own benefit or the spousal benefit whichever is higher. No more deferring you own benefit while claiming 1/2 of your spouses, Jim Biasotti Roseville, CA. | 02.10.16 @ 01:10
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$commenter.renderDisplayableName() — {comment} | 12.08.16 @ 06:25
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Answered by

Ebrahim Rad
Ebrahim Rad, LUTCF , CLTC , MDRT in Woodland Hills, CA

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