A: As soon as once more, I do not get it. If you need your advantages to begin at age 70, then file for them to begin at age 70. What attainable benefit might there be in ready till six months later after which claiming a retroactive test?
I’m 64 years previous and filed for my Social Safety a number of month in the past. My neighbor filed for his advantages yesterday, and he was given the chance to say retroactive advantages. I by no means obtained that likelihood. Ought to I name Social Safety and demand to get my retroactive test?
A: Do not trouble. As I defined firstly of this column, retroactive advantages can solely be paid in the event you file after your full retirement age. I wager your neighbor was over FRA. However at 64, you’re underneath FRA, so you are not due any retroactive advantages.
A few years in the past, my husband used the file-and-restrict technique. Since then, he has been getting spousal advantages on my file. He’ll flip 70 in October and can swap to his personal advantages then. When he does that, will he be capable of declare six months’ price of retroactive advantages?
A: Effectively, sure, in a method. However as soon as extra, I’ve to surprise why he’d wish to try this. To elucidate this extra clearly, I will have to make use of an instance.
For instance he’s presently getting $1,000 per thirty days in husbands advantages in your file. And let’s additional say that he’s due $3,200 per thirty days in augmented retirement advantages at 70 in October. (By augmented, I imply he’ll get a 32% bonus added to his test for ready till 70 to say retirement advantages.)