The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/soc-sec-quotfile-suspendquot-31044535.aspx

Subject:  Soc Sec "file & suspend"? Date:  12/31/2013  3:44 PM
Author:  MisterFungi Number:  74031 of 76384

My wife turns 62 tomorrow (yes, Jan. 1.). I turn 65 in March. My wife ran a small business all of her working life, which was personally very rewarding but monetarily much less so. Her expected Soc Sec income will be close to the minimum. Mine, on the other hand, is up near the max (according to ssa.gov).

QUESTION: I've heard something about a "file and suspend" strategy ... something along the lines of my wife getting Soc Sec checks based on (a fraction of) what I would get if I started taking Social Security.

Can anyone here help me out on whether this is something worth checking into? What's the possible downside of doing this "file and suspend"?

Thanks ... and Happy New Year!
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us