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If a higher-earning spouse waits until 70 to claim benefits, the couple can maximize the lifetime income as benefits increase, by way of delayed retirement credits, each month you put off claiming ...
You can also delay benefits beyond your FRA, and they will grow by 2/3 of 1% per month until you reach 70. Your maximum spousal benefit is equal to one-half of the benefit your spouse would be ...
Have One Spouse Delay Benefits. ... Even if your spouse waited until age 70 to collect Social Security, your maximum benefit would remain at 50% of the primary beneficiary’s FRA benefit amount ...
Social Security will boost your benefit substantially if you delay filing until as late as age 70. ... as little as 32.5 percent of the retiree’s benefit. The spousal benefit is reduced by about ...
If you delay your claim, your spousal benefit won't increase. ... For each year you do, up until age 70, your monthly benefit gets an 8% boost. That could leave you with a much larger monthly ...
Retired worker benefits, on the other hand, increase 2/3 of 1% for each month until you reach 70. So, if you're planning to claim spousal benefits and eligible to do so, there's no advantage to ...
Additionally, there's no delayed retirement credit for waiting beyond your full retirement age to claim spousal benefits. Here's how early claiming affects the spousal benefit for someone with a ...
They may want to delay their Social Security claim for a larger monthly benefit, but if that forces you to put off collecting spousal benefits, your partner may be willing to adjust their plan. 3.