Social Security Q&A: Will This Strategy Get Us More Benefits?

Social Security Q&A: Will This Strategy Get Us More Benefits?
Photo by wavebreakmedia /

Welcome to “Social Security Q&A.” You ask a Social Security question, and our guest expert provides the answer.

You can learn how to ask a question of your own below. And if you would like a personalized report detailing your optimal Social Security claiming strategy, click here. Check it out: It could result in you receiving thousands of dollars more in benefits over your lifetime!

This week’s question comes from Pedro:

I am 66 years old and my wife is 59. I am waiting until 70 to collect Social Security. Will my wife be able to collect spousal Social Security benefits when she reaches 66 and 10 months? I understand that she gets 50 percent of my full retirement until she turns 70 and collects on her Social Security.

The ‘restricted application’ strategy

This is an interesting strategy called a “restricted application.” Under this strategy, the spouse waits until full retirement age (FRA) and claims a spousal benefit. Then, the spouse claims his or her own benefit later.

The advantage of using this strategy is that the spouse can collect spousal benefits while waiting to claim his or her own benefit. Unfortunately, your wife is too young to pursue this strategy.

Two years ago, Congress passed a change in the law that removed this option for people who were born after Jan. 1, 1954. So, a restricted application strategy is still an option, but only for people who are now 65 or older.

While this option is not available for you, you should still think hard about the best strategy for claiming Social Security benefits. It can make a big difference to your financial situation in retirement. Without more information, I cannot give you detailed advice as to the best strategy. But here are some important considerations.

First, since you are seven years older than your wife, and women have a longer expected life expectancy than men, survivors benefits are an important consideration when choosing a strategy.

When the first person dies, the surviving spouse receives the higher of the two benefits. To maximize the survivors benefits, it is usually a good idea for the higher-earning spouse to delay claiming. Thus, if you are the higher-earning spouse, it is probably a good idea for you to claim at 70 as you plan to do.

Second, the decision about whether your wife should claim a spousal benefit on your record or claim her own benefit depends on the relationship between your benefits and hers. If she waits until her FRA — as you suggest in your question — she will receive 50 percent of the benefit that you would have received if you had claimed at 66. (The spousal benefit does not increase if you delay claiming — only your benefit increases.)

Also, if she plans to take a spousal benefit, there is no reason for her to wait beyond her FRA. The spousal benefit does not increase if she waits to claim. On the other hand, she can get a larger retirement benefit if she does not claim at FRA. Her benefit will continue to increase if she delays claiming until sometime between FRA and 70.

If you wish to obtain more detailed advice as to your best possible claiming strategy, you can get an inexpensive, detailed report with specific recommendations from our firm.

Got a question you’d like answered?

You can ask a question simply by hitting “reply” to our email newsletter, just as you would with any email in your inbox. If you’re not subscribed, fix that right now by clicking here. It’s free, only takes a few seconds and will get you valuable information every day!

The questions I’m likeliest to answer are those that will interest other readers. So, it’s better not to ask for super-specific advice that applies only to you.

About me

I hold a doctorate in economics from the University of Pennsylvania and taught economics at the University of Delaware for many years. I now do the same at Gallaudet University.

In 2009, I co-founded, an internet company that provides advice on Social Security claiming decisions. You can learn more about that by clicking here.

Got any words of wisdom you can offer on today’s question? Share your knowledge and experiences on our Facebook page. And if you find this information useful, please share it!

Disclaimer: We strive to provide accurate information with regard to the subject matter covered. It is offered with the understanding that we are not offering legal, accounting, investment or other professional advice or services, and that the Social Security Administration alone makes all final determinations on your eligibility for benefits and the benefit amounts. Our advice on claiming strategies does not comprise a comprehensive financial plan. You should consult with your financial adviser regarding your individual situation.

Learn everything you need to plan your dream retirement

The Only Retirement Guide You'll Ever Need gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a custom retirement plan around the things that make you happy.

You're going to get expert, personalized advice. You'll have access to the latest tools. And when it's complete, you'll be able to approach your retirement confidently and with peace of mind.

It's time to plan the best years of your life. Let's get started.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next

This Is the Top Home Insurer — for 18 Years Running
This Is the Top Home Insurer — for 18 Years Running

Homeowners are increasingly unhappy with their insurance companies, but one stands out for the better.

13 Small Gadgets Under $20 That Make Life Better
13 Small Gadgets Under $20 That Make Life Better

These inexpensive electronics will make your day-to-day life a little easier — and happier.

7 Unexpected Perks of Downsizing as a Retiree
7 Unexpected Perks of Downsizing as a Retiree

Downsizing your home offers many benefits, including some you may not have anticipated.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started


Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories