The Cost Of Claiming Benefits Early
If you claim your widow(er)'s benefits before your FRA, you face a penalty. Your benefits are reduced in accordance with the following list.
Reductions in Widow(er) Benefit from Claiming Early
| Age of Claim | Benefit Reduction | Example: $1000 Full Monthly Benefit |
|---|---|---|
| 60 | -28.5% | $715 |
| 61 | -23.7% | $763 |
| 62 | -19% | $810 |
| 63 | -14.2% | $858 |
| 64 | -9.5% | $905 |
| 65 | -4.7% | $953 |
The SSA provides a discussion of the widow's benefit reduction formula. This reduction formula differs from those used for retiree benefits or for spousal benefits.