Originally Posted by somarco
SS planning is not cut and dried as we all know.
My wife is subject to WEP and GPO when she draws on her SS. But she can take a spousal benefit based on my earnings at 66 with no reductions.
We have looked at this several ways. No easy or simple answer.
New law says the spouse can still take benefits solely on the record of the other spouse at age 66, then refile on their own record at 70 *if* they were no younger than 62 as of 1/1/2016.
It's kind of convoluted the way it is written. I have one client who just T65 who told me SS phone rep told her she could no longer do that. I sent a Kiplinger's article that explains in in plain English.
Any minute now, SS will be calling me back, will see what they say. Also, just sat in on a webinar with the area SS rep, who 1. did not explain the exception for older persons, b. did not know that one must have Medicare A&B to qualify for Medicare Advantage. I will say she did explain some complicated business about who gets what share of children's/ex-spouse/current spouse benefits for widows and divorced.
My simple question was going to be can one apply online for Social Security at Full Retirement Age, and select filing restricted to spouse's earnings record.
Later: they called back--
Now know that 1. Social Security has the correct information for their phone reps
2. If a person is eligible to claim "Restricted" to their spouse's earnings record from age 66 to 70, then claim on their own record, they must do by phone or in person, not enroll in Social Security benefits online. Age is what makes a person eligible. Anyone not yet 62 as of 1/1/2016 can't do this when they turn 66.
If anyone was at least 62 and not collecting SS benefits, intending to wait to age 66, collecting on spouse for 4 years then switching to own at age 70 is still a sweet option.
If one qualified for this special benefit does not apply at age 66 for benefits restricted to spouse's earnings, they will be locked in to a blended amount for life, not able to change it up for a higher amount at age 70. But you all knew this, right?