Spousal benefit calculation example (reduction)
How is the reduced spousal benefit calculated when one files at 62 (or anytime before FRA)?
*The example below pertains to someone filing at 62 years of age. For other (early) filing age % reductions, click https://www.ssa.gov/oact/quickcalc/earlyretire.html
Example:
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Husband’s PIA= 2858 Wife’s PIA= 1172 Scenario: Wife files at 62 husband filing already at 70 1172-25.83%= 870 (own reduced benefit) 2858/2= 1429 (what would be combined amount for wife without reduction) 1429-1172(wife’s PIA)=257 (what would be spousal amount for wife without reduction) 257-30.83%= 79 (amount to be reduced for taking at 62) 257-79=178 (original spousal amount not reduced minus amount to be reduced)
Results: 870 own reduced benefit plus 178 reduced spousal totaling 1057 |