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Money and Finances
Reply to "Social Security Family Benefits and Early Retirement Age"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not entirely sure what your point is, OP, but if you have a younger wife and young kids (especially if DW is a SAHM) then I would wait and take the max at 70, giving no thought to break even. You want your wife to have as much as possible/month after you are gone. [/quote] The wife still has to reach retirement age to take the spousal benefit if OP is alive. It’s different if OP dies.[/quote] My point was when he dies and remaining (younger) spouse goes down (or only ever gets access) to 1 SS payment/month, it needs to be as big as possible. If he takes early and invests it, and can do better than 8% guaranteed return, AND they don't spend any of that money so it can be invested, then sure, he could do better taking it early. But if he doesn't have significant retirement funds then I would play the SSi card the safe way and claim at 70.[/quote]
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