SS

[John Distler]

 I plan on taking SS at FRA 66 & 8  months, I am 65 now.  My wife is 63.  Can she take her own SS now at 63 with a FRA at 67 and then switch to spousal benefit when I take SS?

[JBedford]

Hi, @John Distler , thanks for the question! This is not a tax question though, but a Social Security question. But that being said, my understanding is yes. You may find this AARP article helpful. 

Thanks! 

[Esther M]

Dear John,

Thank you for your question.  Yes she can take early retirement option now and switch to spousal benefits later (when you start taking benefits) if that gives her more money. The decision about when to start taking retirement benefits requires careful planning and involves many factors. The following are key factors when applying for Social Security Spousal Benefits:

• You can receive up to 50% of your spouse’s Social Security benefit.
• You can apply for benefits if you have been married for at least one year.
• If you have been divorced for at least two years, you can apply if the marriage lasted 10 or more years.
• Starting benefits early may lead to a reduction in payments.
• If you have a work history, you’ll receive either your benefit or the spousal benefit, whichever is greater.
• To be eligible, your working spouse will need to have already claimed benefits.

If you decide to begin collecting spousal benefits before your full retirement age, you can expect to receive a lower amount. The Social Security Administration office provides some calculators to guide your decision. Please click here SSA -Online Benefits Calculator 

I hope this helps your decision.

Sincerely