What is a Restricted Application?

A Restricted Application is a strategy that allows an individual to claim spousal benefits while delaying their own retirement benefits. This option is particularly beneficial for individuals who want to maximize their Social Security benefits over time. By utilizing a Restricted Application, they can receive benefits based on their spouse's earnings record without being forced to claim their own benefits, which may be smaller. This approach can lead to a larger cumulative benefit because by waiting to claim their own retirement benefits until a later age, individuals can increase their future monthly benefit amount based on delayed retirement credits.

This strategy is generally available to individuals born on or before January 1, 1954, who meet certain eligibility criteria, allowing them to take advantage of spousal benefits in a way that optimally plays into their overall retirement plan.