One Social Security Filing Strategy You May Want to Consider if You're Much Older Than Your Spouse
Filing for Social Security is often a much easier thing to do when you're single compared to when you're married. When you're single, you have to think about your own needs and goals only in the course of considering your filing options. When you're married, you have to think about how your filing might affect your spouse's finances -- both while you're alive and after you pass.
Now there are different Social Security filing strategies you can play around with. You could claim benefits early to get your money sooner and use it to help you and your spouse enjoy an earlier retirement. You could file on time -- at your full retirement age -- to avoid a reduction in benefits. Or you could delay your Social Security filing past full retirement age to score the highest monthly payday possible.
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Source Fool.com
