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How might they retire together and maximize their Social Security income Without Restricted Application Husband claims his retirement benefit 2 000/month at age 66. Our Social Security retirement benefit Y Option two is known as the restricted application for spousal benefits You apply for Social Security but restrict your claim to your spousal benefit. Social Security Strategies The Restricted Application for Spousal Benefits Retirement 8/13 231...
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What is social security restricted application?
A social security restricted application is a claiming strategy that allows individuals to restrict their application to spousal benefits only, while enabling their own retirement benefits to grow.
Who is required to file social security restricted application?
Individuals who were born before January 2, 1954 and have reached their full retirement age are eligible to file a social security restricted application.
How to fill out social security restricted application?
To fill out a social security restricted application, individuals should visit their local Social Security Administration office or apply online through the SSA website.
What is the purpose of social security restricted application?
The purpose of a social security restricted application is to allow individuals to claim spousal benefits while deferring their own retirement benefits to earn delayed retirement credits.
What information must be reported on social security restricted application?
On a social security restricted application, individuals must provide their personal identifying information, as well as details about their spouse or ex-spouse if claiming spousal benefits.
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