A Social Security twist

Another twist on Social Security...

According to a recent brief by the Center for Retirement Research at Boston College
"Strange But True: Claim Social Security Now, Claim More Later":

1) One member of a two-earner couple can claim a Social Security spousal benefit at age 66 and then claim a higher retired worker benefit later.

2) The most likely person to use this strategy is the higher-earning spouse, who can receive benefits while working without losing the gains of claiming later.

3) If this strategy were widely adopted, it would cost Social Security about $10 billion per year.

You can read the full report here.

About the author

Chris Farrell is the economics editor of Marketplace Money.
Log in to post0 Comments
With Generous Support From...