tag:blogger.com,1999:blog-34866775.post5174221330067447046..comments2023-06-14T06:46:23.844-05:00Comments on Savvy Working Gal: Be informed about Social SecuritySavvyworkinggalhttp://www.blogger.com/profile/08159197609419858161noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-34866775.post-13070254261107236922011-11-19T08:32:55.779-06:002011-11-19T08:32:55.779-06:00Webb,
I bet your Mother did earn every penny of th...Webb,<br />I bet your Mother did earn every penny of that $17.<br /><br />Delaying benefits is something my spouse and I are strongly considering. We do have a wide age gap (11 years). DH will probably retire in 2 years and I would like to in ten. These are hard decisions to make. I grew up poor and would hate to live like that again.Savvyworkinggalhttps://www.blogger.com/profile/08159197609419858161noreply@blogger.comtag:blogger.com,1999:blog-34866775.post-48100576438747123142011-11-14T14:20:40.311-06:002011-11-14T14:20:40.311-06:00Savvy, I am sitting her giggling at your last note...Savvy, I am sitting her giggling at your last note. My parents divorced with silent acrimony after 25 years of marriage. Mother very proudly refused spousal support and worked for many more years. When dad died, she marched herself (at 85) down to the SS Admin office in town and signed up for his benefit. It was $17 a month more than hers. "I earned it", she told me!<br /><br />More seriously, tho, if there is a wide age gap between spouses the younger spouse may actually end up with a larger monthly payment than the older one due to COLA's. It's important to see how you can coordinate your benefits. For example, I am delaying my benefit until I am 70 - ugh! - even tho I may retire at 68. It will give me a 30% larger monthly amount at a time when my husband will probably predecease me. While it is true that I would take home more TOTAL dollars if I start taking the money at 62, it would also mean a reduced monthly amount when I am too old to work (perhaps) and on my own. It's very complicated. <br /><br />Sorry your folks got caught in that technicality.webbhttps://www.blogger.com/profile/15168174623602308906noreply@blogger.com