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My husband began drawing his Social Security at age 62. He is 68 now (born in 1955), while I am 62 (born 1961). If I begin to draw my Social Security now it will be reduced, of course.
Planning for retirement is easier in some ways for married couples than it is for single adults. They have a partner who can help them save for the future and share the burden of household tasks.
By delaying beyond full retirement age (FRA), he can increase his standard payment (known as his primary insurance amount) by 24% if his FRA is 67. That's the FRA for anyone born in 1960 or later.
What happens if we reduce the wife’s survivor benefit from 100 percent to 50 percent? (Meaning, her monthly benefit is half the size of her late husband’s.) Monthly payouts increase, with ...
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