#484 - How Should Spouses Claim Their Social Security Benefits?

How will Social Security benefits fit into your retirement equation? If you have a spouse, there is an added level of complexity when considering your Social Security claiming strategy.

We explore this topic and more through listener questions on today’s episode of Retirement Answer Man. Learn what to consider and how to approach the Social Security question by pressing play.

How should my spouse claim Social Security?

Social Security is a type of inflation-adjusted social capital that stays with you for your entire life. Because of this, planning when to take Social Security is a decision that will impact you for the rest of your days.

Before considering this question you need to have your original plan of record in place, then you can consider your options and compare them.

The first step is to get accurate information so that you can understand what your actual benefit will be by taking at full retirement age or delaying. Make sure you are signed up for an account at SSA.gov.

Next, you’ll want to frame what you are solving for and frame it within the context of your retirement plan of record.

Then you’ll use your plan of record and create alternate scenarios to compare to your original plan of record. Listen in to hear how you can apply this question to your situation.