Can my wife and I use the restricted application filing strategy?

Claiming Strategies

Full question: I was born in 1953 and my wife was born in 1958. I would like to wait to start collecting until age 70 in 2023. Can we use the restricted application filing strategy?

Hi there!

Yes, you may be able to use this claiming strategy.

Since your wife is 62 in 2020, she may start collecting her (reduced) retirement benefits now and you would then be able to file a restricted application to collect spousal benefits for the next several years.

Later, up to age 70 in 2023, you would then be able to switch over to your own retirement benefits, which would have accrued delayed retirement credits.

Whether this is the best claiming strategy for you as a couple depends on several factors including each of your PIAs and life expectancies. A Registered Social Security Analyst can help you decide what the best claiming age options are for both of you.

Best,
Martha

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