Should I Suspend My Social Security Retirement Benefit To Collect My Spousal Benefit?
My husband both born in 1953. My husband will work until he turns 70 and I retired at 66. We have not filed for Social Security benefits yet as we were thinking about waiting to file until 70 to collect our maximum benefits. We are looking for your advice as to when I should file.
At 70, my husband’s estimated monthly benefits will ill be around $3,500 and mine at 70 will be about $2,250. Once my husband files at 70, should I file and suspend my retirement benefits and collect a spousal benefit? If so, will it be 50% of my husband’s benefit rate? Then at 70 I'd of course take my own increased retirement benefit. Thanks, Laura