Josh Scandlen Podcast

If you were born before January 2, 1954 you are the LAST cohort to ever be able to file a Restricted Application.  This means you could literally receive tens of thousands of dollars more in Social Security benefits than someone born January 2, 1954 or later.  When President Obama signed the Bipartisan Budget Act of 2015, many "loopholes" of Social Security were eliminated.  Mainly the ability to file a restricted application and receive Spousal benefits all the while allowing your own benefit to increase with Delayed Earnings Credits.  Here's the language directly from the Social Security Administration: The loophole allowed some married individuals to start receiving spousal benefits at full retirement age, while letting their own retirement benefit grow by delaying it. Those days are over now..unless you were born before January 2, 1954.  You can STILL apply for your Spousal benefits once you hit Full Retirement Age (66) and allow your benefits to increase each and every year