I know that this topic has been discussed ad nauseum...
However after reading through some of the threads it is still not clear what the effect of retiring at 62 would have on my wife's SS survivor benefit. I know that the spousal benefit would be reduced but what about the survivor benefit ?
So my question is...
If the wife retires at 62, is her survivor benefit permanently reduced if I were to croak ? In other words would she get less than 100 percent of my benefit if I were to go ? Is the survivor benefit treated the same way as the spousal benefit ?
Lets assume (for this discussion) that when I pass that both the wife and myself are older than the full retirement age.
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Assuming your spouse's benefit is less than yours, she will receive your's when you die, regardless of the fact that she started her own at 62. If you start at 62, she will less when you die than if you start at 66 or 70, because you receive less. But she gets 100% of what you receive, regardless of when she starts her own benefit.
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.