My husband had to take SS at 62 due to illness. My own SS is smaller than half of his. If something happens to him, my understanding is that I'd get full spousal benefit, no matter if I start collecting my own benefit at 62 or later. We are wondering if there is any benefit to my waiting to collect... I will surely be collecting based on his SS, not mine. Would I get the same percentage of his benefit at 62 or 65? Or a smaller percentage of his if I take SS at 62? He is older, and my family is long living, so I want to do whatever benefits me should I reach a very old age...Thanks for any help.
I don't know how much younger you are but there is also an option at 60 if widowed. I found the easiest way to get the information along with current numbers on spousal benefits was to call SSA. They were very helpful.
Would I get the same percentage of his benefit at 62 or 65?You will get either your benefit (based on the age in which you take it), or his benefit taken at age 62 at his passing.Things you need to know to make this decision:http://www.ssa.gov/retire2/applying6.htm#a0=0If you are under full retirement age and qualify on your own record, we will pay you that amount first. But if you also qualify for a higher amount as a spouse, you'll get a combination of benefits that equals that higher amount. If you begin receiving benefits:•between age 62 and your full retirement age, the amount will be permanently reduced by a percentage based on the number of months up to your full retirement age.If you are under full retirement age and you continue to work while receiving benefits, your benefits may be affected by the retirement earnings test. •at your full retirement age, your benefit can be equal to one-half of your spouse’s full retirement amount.---------So back to one of your original questions: If something happens to him, my understanding is that I'd get full spousal benefit, no matter if I start collecting my own benefit at 62 or later.What this means is that if you take your spousal benefit at 62, you will not get half, you will get some number less than half but the same or more than your own benefit since you are less than FRA at the time you start the benefit.What is your FRA benefit? What is he receiving now and what did he first get at age 62?I would encourage you to find out exactly what you would get at 62 and what your spousal benefit at 62 would be. That being stated, it is UNLIKELY you will have any financial benefit in waiting until FRA if your SS is indeed so much less.
My husband had to take SS at 62 due to illness. My own SS is smaller than half of his. If something happens to him, my understanding is that I'd get full spousal benefit, no matter if I start collecting my own benefit at 62 or later.Your survivor benefit is not affected by when you start your SS.Each year you wait wait the benefit based on your earnings increases 8% until you reach FRA.
It would be good to make and appointment to go into the social security office and check with them since this is such an important decision.
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