Your Guide to Social Security

With spousal and survivor social security benefits in the mix, married couples have a daunting task to maximize lifetime benefits.

 

There is a “file and suspend” strategy we can use to qualify your spouse for a spousal benefit while both of you earn delayed retirement credits. (Until age 70)

 

Your spouse still working? We can flip the “file and suspend strategy” on its side, and use the strategy known as “restricting an application”.

By combining the strategies, the husband gets spousal benefits from 66 to 70. And both spouses qualify for delayed retirement credit until age 70.

 

Ready to start planning for your social security retirement? Set a consultation appointment with Holly Gunnette, EA, Senior Advisor. We can work out a plan, and if you are a Gold Plus Tax Maintenance member, the first appointment is included in your GPTM fee.