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Can I file for my Social Security at 62 and switch to spousal benefits later?

Can I file for my Social Security at 62 and switch to spousal benefits later? Only if your spouse is not yet receiving retirement benefits. In this case, you can claim your own Social Security beginning at 62 and make the switch to spousal benefits when your husband or wife files.

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Only if your spouse is not yet receiving retirement benefits. In this case, you can claim your own Social Security beginning at 62 and make the switch to spousal benefits when your husband or wife files. Social Security will not pay the sum of your retirement and spousal benefits; you’ll get a payment equal to the higher of the two benefits. If your spouse is already getting Social Security when you claim benefits, you are subject to the “deemed filing” rule. Under this provision, you don’t have a choice whether to wait and switch. When you apply for your retirement benefit, you’re also automatically deemed to be applying for spousal benefits, if you're entitled to them. Again, Social Security will pay the greater of the two benefit amounts. AARP Membership — $12 for your first year when you sign up for Automatic Renewal Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. Join Now The top spousal benefit is 50 percent of your husband's or wife's primary insurance amount (the retirement benefit he or she is entitled to at full retirement age, which is 66 and 4 months for people born in 1956, 66 and 6 months for those born in 1957, and gradually increasing to 67). You can get that maximum if you first claim benefits at your own full retirement age; the amount is reduced if you file earlier. How to Get More Out of Your Medicare & Social Security AARP’s free event on Medicare and Social Security benefits is now available on demand! Get answers to many of your questions on Medicare enrollment and coverage, Social Security claiming strategies and much more. Highlights include: Keynote by AARP Financial Ambassador Jean Chatzky

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That includes if you file early for your retirement benefit — say, at 62, as in this scenario — and switch to spousal benefits later. Even if you are at full retirement age when you file for spousal benefits, your total monthly payment will be less than half of your spouse’s primary insurance amount, reflecting the fact that your initial Social Security claim came early.

Keep in mind

There are three exceptions to the deemed-filing rule for spouses. You can file what’s called a “restricted application” for just spousal benefits if any of these is true:

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Can I stop working at 55 and collect Social Security at 62?

If I stop working before I claim Social Security, will my monthly benefit amount be reduced? Strictly speaking, no. If, for example, you stop working at age 60 but wait until 67 to claim Social Security, your benefit will not be reduced because you did not work in those seven years.

Strictly speaking, no. If, for example, you stop working at age 60 but wait until 67 to claim Social Security, your benefit will not be reduced because you did not work in those seven years. What you would lose is an opportunity to make your benefit bigger.

Here’s why. Social Security calculates your retirement benefit by:

Taking your highest 35 years of earnings from work in which you paid Social Security taxes Adjusting those income numbers for historical changes in U.S. wages Deriving a figure for your monthly average income Plugging that average into a formula that produces your benefit payment If you stop work at 60, your top 35 years at that age are the same as your top 35 at 67. Your calculation, and the monthly average income on which your benefit is based, would be the same. AARP Membership — $12 for your first year when you sign up for Automatic Renewal Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. Join Now However, if you continue working in those years, and they turn out to be among your 35 highest-earning years, they will displace lower-income years in Social Security’s calculations, driving up your monthly average income and, therefore, your benefit. You can get personalized benefit estimates based on past and potential future earnings by using AARP’s Social Security Benefits Calculator or checking your online My Social Security account.

Keep in mind

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