Strange But True: Claim Social Security Now, Claim More Later
April 28, 2009
The brief’s key findings are:
- New rules enable one member of a two-earner couple to claim a Social Security spousal benefit at age 66 and then claim a higher retired worker benefit later.
- The most likely person to use this strategy is the higher-earning spouse, who can receive benefits while working without losing the gains of claiming later.
- If this strategy were widely adopted, it would cost Social Security about $10 billion per year.
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Golub-Sass, , Alicia H. Munnell, and Nadia S. Karamcheva. 2009. "Strange But True: Claim Social Security Now, Claim More Later" Issue in Brief 9-9. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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