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When retirement planning with a spouse, ... She was 62 at the time. “My husband was three and a half years older, so he chose not to [collect] at 62 and we just kept working. Then I turned 62 ...
Specifically, someone with a full retirement age of 67 (born in 1960 or later) will reduce their benefit by 30% if they claim at age 62. That could mean hundreds of dollars per month for your spouse.
For example, if your full retirement age is 67 and you claim spousal benefits at 62, your monthly check will be reduced by 35% (it would be 30% for retired workers' benefits).
For example, if your full retirement age is 67 and you claim spousal benefits at 62, your monthly check will be reduced by 35%. If you claim at 64, it will be reduced by 25%.
In that case, you can claim as soon as your spouse retires without a reduced penalty, even if you're younger than 62. Additionally, you can apply for spousal benefits in this case without also ...
My husband began drawing his Social Security at age 62. He is 68 now (born in 1955), while I am 62 (born 1961). If I begin to draw my Social Security now it will be reduced, of course. Can I ...