At 57, it seems an eternity until Social Security.
The reality comes to light with my husband turning 65 this year.
In order to afford the added costs of Medicare
He has decided to take his Social Security.
What does that mean to me?
A woman who has worked does not have the opportunity
from what I can tell
to take spousal Social Security
delay her own.
So, I will be taking my Social Security at full retirement
and then if my husband passes
I will get his Social Security
which will be a bit smaller than normal
because he took his " early".
What does that mean?
If I was allowed to take spousal Social Security
I could wait and take my full Social Security at 70.
My payments would be larger then either of our payments
I would stick with mine- even after he passes.
if I take mine early
my part of his social security will be reduced by that much
when he passes.
Gosh the rules are all messed up!