/ Ask Terry Questions / Social Security Benefits

Social Security Benefits

By Terry Savage on August 05, 2022 | Financial Planning / Retirement


I just recently signed up for my full Social Security at age 70. As a matter of fact I called in to the John WIllams show a few weeks ago to give you the good news.

I was taking half of my wife’s Social Security, so this was significant increase. Now that I am at full Social security can my wife reapply for Social Security to get half of my benefits?

Terry Says

I’m confused. Is your wife eligible for her own Social Security benefits? Is she already receiving them?
She can get the difference of half of your SS benefit, or her own, whatever is greater. They will apply the difference to her benefit. BUT she must be at HER full retirement age, to get this 50% benefit. If she starts collecting earlier, the amount is reduced. Read this explanation.
And when you die, she can get your full benefit if it is greater than hers.
I suggest you go to www.MaximizeMySocialSecurity.com to get the correct answers to get the most benefits for her. Most people you might talk to at SS don’t have the knowledge to do this correctly!!



a personal
finance question