SSA Spousal Benefit

Home Fairmark Forum Retirement Savings and Benefits SSA Spousal Benefit

This topic contains 2 replies, has 3 voices, and was last updated by  etelle 5 days, 19 hours ago.

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #3092

    b1_lee
    Participant

    My wife filed SSA benefit under her own record while I am delaying mine until 70. I am older and have higher earning.

    When I file mine at 70, she will switch to spousal benefit.

    What would be her new benefit? Is it 1/2 of my FRA at 66 or 1/2 of my FRA at 66 plus accumulated COLA since 66?

    Also, does it change anything if she file before her own FRA at 66?

    #3093

    kaneohe
    Participant

    I’m not sure but you may want to review the SS site keeping in mind that there are 2 types of spousal benefits….one while you are alive and another as survivor.

    My guess…… while you are alive, spouse benefit is based your half your PIA at full retirement age x a factor based on her age.

    #3095

    etelle
    Participant

    If your wife claimed SS before reaching full retirement age benefits are permanently reduced.

    • This reply was modified 5 days, 19 hours ago by  etelle.
Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.