Can both spouses file a restricted application for Social Security benefits simultaneously?

When it comes to filing Social Security benefits, the rules around restricted applications are quite specific. A restricted application allows an individual to claim spousal benefits while delaying their own retirement benefits, which can maximize their future Social Security income.

However, the Social Security Administration stipulates that only one spouse can submit a restricted application at any given time. This is because a restricted application is designed for individuals who are 62 years or older and want to claim spousal benefits based on the other spouse's work record while allowing their own benefits to grow. The moment one spouse opts for the restricted application, it impacts the ability of the other spouse to file theirs simultaneously in this fashion. Hence, it is not possible for both spouses to file restricted applications concurrently.

This understanding clarifies the dynamics of spousal benefits and emphasizes the need to strategize appropriately when both partners are considering their Social Security options.