My wife is 66. She took social security benefits at 62. I will be 66 in May 2016. Am I eligible to collect spousal benefits on her account?
Yes, you are eligible to collect spousal benefits on your wife’s account. You can file a “restricted application” for spousal benefits in May 2016 to start receiving half of your wife’s full retirement age benefit and allow your benefit to continue to increase until age 70. For every year that you delay taking your own benefit until age 70, your benefit will increase 8% a year. Once you turn 70, you can either switch to your benefit if the benefit is higher than the spousal benefit or you can continue to receive the spousal benefit.