Ask Rusty – Older Husband and Working Wife Seek Guidance

Dear Rusty: I am 74 years old, retired and receiving Social Security. My wife will be 65 in January of 2025. Our hope was to start paying off some credit card expense by her receiving SS when she turns 65, however it appears there would be a substantial reduction to her benefits. Her work income is $37,500 a year, and she wasn’t planning on retiring from work at age 65. Because I am 11 years…