Q. I am a FERS retiree. I switched from CSRS in the late 1990s and receive $850 monthly in Social Security. My wife, who was a stay-at-home mom, will turn 62 this year. Under her earnings (she barely met the 40 quarters), we estimate she will be entitled to $375 per month. I am being told by a previous co-worker that my wife can delay her Social Security until 66, when the amount will be significantly higher, but she can draw as my spouse, receiving $425 per month. Is this correct?
A. Yes. For more information, go to www.socialsecurity.gov/OACT/quickcalc/spouse.html.