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Can you claim spousal Social Security benefits before reaching your own full retirement age? Sure. However, your benefits will be reduced by 25/36 of 1% for each month you receive benefits before ...
Image source: Getty Images. 1. How your claiming age impacts your benefit. Just like when applying for personal retirement benefits from Social Security, when you claim spousal benefits can have a ...
Spousal benefits are reduced by 25/36 of 1% for each month before your full retirement age, up to 36 months. Each additional month reduces your benefits by 5/12 of 1%.
But there's no financial incentive to delay a spousal benefit claim past full retirement age. With spousal benefits, if you file at full retirement age, the most you can get is 50% of the monthly ...
Spousal benefits function similarly to retirement benefits in that you can take payments before your full retirement age, but that results in lower income each month. In the case of spousal ...
The maximum spousal benefit Social Security will pay you is 50% of what your spouse is entitled to at their full retirement age. Let's say the full retirement age is 67 for both you and your ...
The spousal benefit is reduced by about seven-tenths of 1 percent for each month before full retirement age, up to 36 months. If you exceed the 36 months, Social Security will dock about four ...
Like standard benefits, you can claim spousal benefits before your FRA, beginning at age 62. For the primary claimer, benefits are reduced by 5/9 of 1% each month before their FRA, up to 36 months.
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