Spousal benefit strategy disappears
The second change that Congress implemented in 2015 prevents people who reach full retirement age in 2020 or later from filing a restricted claim for spousal benefits. However, people who were born in 1953 or earlier can still use this strategy, which allows them to claim half of their spouse’s or ex-spouse’s full retirement age benefit amount while their own benefits continue to earn delayed retirement credits up until age 70. At that point, they can switch to their own maximum retirement benefit.
Check out Mary Beth Franklin’s podcast, Retirement Repair Shop.
