(Must qualify under the Tier 1 new rules and regulations – must be age 66 by April 30, 2016)

This Expired strategy is available to only one spouse (usually the higher earner) by opening their benefits record and immediately suspending payment. The purpose of this strategy is to allow the worker’s spouse to begin a spousal benefit, while the other worker earns Delayed Retirement Credits (8% per year) on his/her own record. A $2,000 monthly benefit will increase to $2,640 monthly benefit at age 70. The increase is prorated by month.