“The file-and-suspend strategy is
a great way for married couples to maximize Social Security benefits, but
retirees should remember that it works for only one spouse, Mary Beth Franklin
writes. She looks at the options and benefits available to a couple depending
on which one files and suspends, and which claims the spousal benefit first”
(Retirement Security SmartBrief). According
to the Social Security website: “If your current spouse is full retirement age, he
or she can apply for retirement benefits and then request to have payments suspended.” That
way, he or she can receive spouse's benefits and can continue to earn delayed retirement credits until age 70.
However, the SSA site also notes: “Only one member of a couple can apply for
retirement benefits and have payments suspended so his or her current spouse
can collect benefits.” Read more from Mary Beth Franklin at http://www.investmentnews.com/article/20140108/BLOG05/140109927
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