Social Security file and suspend

Discussion in 'Business & Economics' started by sculptor, Apr 24, 2016.

  1. sculptor Valued Senior Member

    Messages:
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    Question(s)
    1st--Anyone here(on the forum) done this?

    if so
    define process?

    (more questions will likely follow responses?)
     
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  3. iceaura Valued Senior Member

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  5. sculptor Valued Senior Member

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    Here's the bottom line.
    First high earning spouse files and suspends payments
    then other spouse files and restricts to spousal benefits only, and gets 1/2 of what high earning spouse would get while benefits(for each) grow at about 8% per year.

    SSA calls this "free spousal" benefits.

    (still learning)
     
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  7. iceaura Valued Senior Member

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    The loophole is plugged at the end of this week, according to all sources. And the online directions for suspending payments apparently befuddle most people.
     

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