The first step is understanding what’s at stake. Coordinating benefits means planning when each spouse will claim based on age differences, income histories, and survivor protection. Since the surviving spouse inherits the larger benefit, the higher earner should usually delay claiming until age 70. This locks in the maximum survivor benefit and ensures guaranteed income that keeps up with inflation. Meanwhile, the lower earner can file earlier or wait until full retirement age to receive spousal benefits—up to 50% of the higher earner’s full benefit.

If one spouse was the primary earner while the other had a lower income or stayed home, this is where smart timing matters most. The higher earner should delay until age 70, pushing their benefit from something like $3,200 to $4,000 per month. The lower earner could file early at 62 and receive a reduced benefit, say $630, then increase it later with the spousal top-up once the higher earner files, reaching as much as $1,600 per month.

For dual-income couples earning similar amounts, spousal benefits may not add much. In this case, the strategy is about income timing. One spouse might claim early to generate income right away—perhaps taking $2,167 monthly at 65—while the other delays until age 70, bumping their monthly payout to $3,100. This secures a larger survivor benefit and spreads out the tax liability.

Things get trickier when there’s a big age gap. If the older spouse is the higher earner, they should delay benefits to ensure the younger survivor gets the most. If the older spouse is the lower earner, they might claim early for immediate income while the younger, higher-earning spouse waits. For example, the younger spouse could grow their benefit to $4,200 per month while the older spouse draws a modest early claim, ensuring strong survivor support later on.

Another powerful tactic is using the Social Security bridge strategy. Rather than claiming early, couples can draw from retirement savings to cover expenses while delaying benefits. This not only results in a larger monthly check but can also open tax planning opportunities—like making Roth conversions or staying below IRMAA thresholds for Medicare premiums.

Even if you and your spouse plan to retire at the same time, that doesn’t mean you need to file for Social Security together. Staggering your claiming timelines can preserve income and ensure one spouse gets a higher benefit if the other passes away. This is especially important when one spouse has a shorter life expectancy or significantly lower earnings.

Don’t forget the key rules: to get spousal benefits, the higher earner must have already filed. Survivor benefits go to the spouse with the larger check, so delaying helps protect the household’s long-term income. Coordinating Social Security can also reduce your tax burden, avoiding sudden jumps in tax brackets or Medicare surcharges. Strategic withdrawals, Roth conversions, and tax gain harvesting all become more flexible when you control your Social Security timing.

To make the smartest choice, run projections together. Tools like online calculators or planning software can help you analyze different claiming ages, break-even points, and income scenarios. Then, weigh your current cash flow needs against the long-term value of guaranteed income. Make sure to include survivor protection in the plan so the surviving spouse is not left with a sharp drop in income. A qualified financial advisor can help you build the right strategy, giving you peace of mind that you’re making the most of your Social Security benefits—as a team.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post How Couples Can Maximize Social Security Benefits Together appeared first on ROI TV.

Many people want to retire before becoming Medicare-eligible at 65—but the biggest obstacle is often health insurance. In this episode, Cole and James break down how to retire early without sacrificing your healthcare coverage. With some planning, it’s not only possible—it can be empowering. Cole even shared the story of his in-laws, who wrestled with this decision in their late 50s. It’s a common concern, but one that can be addressed with the right knowledge and preparation.

Who Are Early Retirees?

Cole defines early retirement as those aged 55 to 64—a group that includes over 40 million Americans. For this demographic, health insurance is one of the top three concerns, along with: running out of money, rising healthcare costs, and navigating Medicare transitions.

5 Health Insurance Options for Early Retirees

Here are the main coverage paths to consider before you qualify for Medicare:

1. ACA Marketplace Plans (Affordable Care Act) – Guaranteed issue (no denial for preexisting conditions), eligible for Advanced Premium Tax Credits (APTC), and offers a wide variety of plan choices with federal subsidies.
2. Short-Term Major Medical – Cheaper upfront cost but lacks prescription/preventative care, requires medical underwriting, and best for very healthy individuals.
3. Retiree Health Coverage Benefits – Offered by some employers, though less common and may not match active employee benefits.
4. Health Care Sharing Programs – Faith-based and low-cost, but not technically insurance and lacks legal protections.
5. COBRA Coverage – Continue your employer’s coverage for up to 18 months. Very expensive, but may be worth it if you’ve met your deductible or out-of-pocket max.
   Bonus Tip: Spousal benefits can provide a simple alternative—stay on your partner’s employer plan, if available.

How to Maximize APTC (Advanced Premium Tax Credits)

These subsidies are paid directly to your insurance provider to reduce your monthly premium. Thanks to the American Rescue Plan Act, APTC now operates on a sliding scale—no more income cliffs. Strategy Tip: Keep your income within the APTC range, but avoid going below the federal poverty level, or you may end up in Medicaid with added asset reviews. Note: These expanded tax credits are set to expire at the end of 2025, but may be extended by future legislation.

Three Ways to Enroll in Coverage

1. Do-It-Yourself (DIY) – Requires time, research, and understanding of contracts. Risk of missing better options.
2. Direct Enrollment with a Carrier – Limits your options to just that provider’s plans.
3. Work with a Broker (like Move Health Partners) – Offers a full-market view, helps find the most affordable and appropriate plan, and provides a transparent process with expert guidance.

When to Start Planning

Start 6 months before retirement to compare plans, manage income, and align your coverage
Ideally begin 2 years in advance to maximize your APTC opportunities
Follow up 1 month before retirement to finalize and enroll

Don’t Forget Medicare at 65

Failing to enroll in Medicare on time can lead to late penalties and coverage gaps. Many insurers will drop individual health plans once you become eligible. Be proactive. Transition on time.

Final Thoughts: Be an Empowered Consumer

Cole wrapped the discussion with this reminder: Don’t rely on anecdotal advice. Every retiree’s needs are different. Do your research or consult professionals who understand the system. At Move Health Partners, education comes first. Their mission is to help you find the right plan, not just sell you a product. Early retirement is achievable—with the right health insurance strategy in place.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

The post Health Insurance Options for Early Retirement: Bridging the Gap Before Medicare appeared first on ROI TV.