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John M

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  1. John M
    Hi Devin, Here's a variant of Julie-Joe scenario in your excellent video. Assume that Julie and Joe are of same age. Julie's FRA(67) benefit = $1100 Joe's FRA (67) benefit = $2000 Julie files for her own benefit at age 62 and receives 70% of FRA benefit which is $770 (Joe hasn't yet filed) Joe files 5 years later when both Joe and Julie reach FRA of 67 and is entitled to receive his FRA benefit of $2000 What will be Julie's top off amount when Joe files? Will it be $230 (difference between half of $2000 and Julie's reduced benefit prior to Joe's filing)? Or will it be $0 since Julie's FRA benefit is higher than Joe's FRA benefit? Or some other number? Thanks, John
  2. John M
    Hi Devin, Here's a variant of Julie-Joe scenario in your excellent video. Assume that Julie and Joe are of same age. Julie's FRA(67) benefit = $1100 Joe's FRA (67) benefit = $2000 Julie files for her own benefit at age 62 and receives 70% of FRA benefit which is $770 (Joe hasn't yet filed) Joe files 5 years later when both Joe and Julie reach FRA of 67 and is entitled to receive his FRA benefit of $2000 What will be Julie's top off amount when Joe files? Will it be $230 (difference between half of $2000 and Julie's reduced benefit prior to Joe's filing)? Or will it be $0 since Julie's FRA benefit is higher than Joe's FRA benefit? Or some other number? Thanks, John
  3. John M
    Hi Devin, I have a specific question regarding spousal benefit top off. My spouse who is 62 has PIA of $1500 I am 66 (FRA) and has PIA of $2500 My wife is thinking of filing now and receiving reduced benefit of $1050. I plan to file a restricted application and claim spousal benefit of $525, which is half of my wife's reduced benefit. 4 years from now, I will be 70 and will be entitled to $3800. My wife will be 66y4mo then (FRA) What will be my wife's benefit when I file for my benefit 4 years from now? Will it be $1050 (plus any COLA adjustments) or $1250, which is half of my FRA benefit? (I am asking this because half of my PIA $1250 is less than my wife's PIA $1500). Thank you in advance. John
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