The Cost Of Claiming Benefits Early
If you claim 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 Spousal 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 |
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