Strange But True: Claim Social Security Now, Claim More Later
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.