Other retirement experts agree, even though this wisdom is often neglected in general Social Security advice for seniors. 'The longest you will wait to draw as a spouse will be your full retirement age, not his, your full retirement age,' Gordon said. If you wait those extra few years until 70, Gordon said, you just gave up a ton of money you'll never be able to get back.
'The most you can get as a spouse is 50 percent of your higher-earning spouse's amount at his full retirement age,' Gordon said in the video.įull retirement benefits typically start at age 66 or 67. Gordon told a specific story on a recent TikTok video about a woman whose husband was waiting until age 70 to get his maximum benefits-she said it isn't a good gamble due to life expectancies. This generation of retirees has a lot of stay-at-home mothers who can only draw if their spouse draws, since they didn't pay into SS long enough to draw on their own.' 'Dollar for dollar, it is often more beneficial for him to draw as his FRA and his wife to do the same. 'Yes, he gets more, but his wife is blocked from getting half of his amount,' Gordon said. Amazon trick to find out if your Black Friday deal is actually cheap or not.Why did I get two Social Security checks this month? New payments explained.Widow loses Social Security checks after she can't pay $10,000 bill.
