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This provision allows the lower-earning spouse to receive up to 50% of the higher-earning spouse’s benefit at full retirement age, but not until the spouse has become eligible for benefits.
You can also delay benefits beyond your FRA, and they will grow by 2/3 of 1% per month until you reach 70. Your maximum spousal benefit is equal to one-half of the benefit your spouse would be ...
Here's a table showing how much someone with a full retirement age of 67 (anyone born in 1960 or later) will receive in spousal benefits as a percentage of their spouse's primary insurance amount ...
Social Security will boost your benefit substantially if you delay filing until as late as age 70. ... as little as 32.5 percent of the retiree’s benefit. The spousal benefit is reduced by about ...
The base spousal benefit is equal to one-half of the higher-earning spouse's primary insurance amount -- i.e., the Social Security benefit they would be entitled to if they claimed at their full ...
For example, if the primary earning spouse has a PIA of $1,500, the other spouse can collect a maximum of $750 in spousal benefits. Below are full retirement ages by birth years:
Table by author. Calculations by author. As you can see, claiming early can seriously diminish the monthly benefit you receive. The effect of claiming spousal benefits early is even greater than ...
For each month before your full retirement age that you claim your spousal benefit, that benefit is reduced by 25/36 of a percentage point (about 0.69%) for up to 36 months.