Social Security Choices

The Cost Of Claiming Benefits Early

If you claim divorced-spousal benefits before your full retirement age (FRA), then you do not receive 50 percent of the principal's retirement benefit. The following list shows, on an annual basis, how much benefits are reduced as a result of claiming those benefits early for those born between 1943 and 1954.

Reductions in Full Retirement Age Benefit from Claiming Early
Age of Claim Benefit Reduction Example: $500 Full Monthly Benefit
62 -30% $350
63 -25% $375
64 -16.67% $416.65
65 -8.33% $458.35