My wife is 61 and earns $50,000; I’m 65 and earn $400,000 — should she take Social Security next year?

Catey Hill
My wife is 61 and earns $50,000; I’m 65 and earn $400,000 — should she take Social Security next year?

My question is should my wife take her Social Security benefits next year and then get 50% of mine added to hers when I retire? As with many Social Security questions I get, experts say the answer is likely this: wait. Your wife can indeed start collecting Social Security benefits at 62 based on her own work record (as long as she’s worked for at least 10 years), and she can claim spousal benefits when you begin collecting your Social Security benefits.