Don't Make This Critical Spousal Social Security Mistake at Your Full Retirement Age
Failing to recognize this critical difference between retirement and spousal benefits could cost you a lot of money.
Overview
You want to maximize your lifetime Social Security benefits, and you're determined to wait as long as possible to get the largest possible checks. If you're claiming retirement benefits, that means waiting until age 70 when you become eligible for your maximum benefit.
But if you're claiming spousal benefits, it's a different story. You qualify for your maximum benefit sooner, and waiting too long to apply could cost you big time.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.