I'm 70 years old and I waited to max out my Social Security benefits. My wife is 68 — she'll be 69 in February. I started collecting my benefits last year in May of 2021. My monthly benefit is about $3,600. My wife, last year, began collecting her spousal benefit of $1,200 a month. When she reaches her 69th birthday, we plan to switch her to taking her own benefits of $2,700. There's a lot going on here... did we get this right?
That's the reader question Jeffrey "The Buckinghammer" Levine, director of advanced planning at Buckingham Wealth Partners, answered in this episode of Ask the Hammer.
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