Quote:
Originally Posted by snow0700
hello, im 58 years old and have been on social security since 04. which is 509.00 a month. my husband is drawing his social security retirement now. i understand that when i turn 62 i can draw off his instead of mine. since his is the higher amount. but i also heard it will be greatly reduced. because i will only be 62 . can anyone explain to me how this works. thank you so much..
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While your husband is living, at full retirement age you would be eligible for 1/2 of his benefit if it is higher than what you get on your own, $509. You don't get to choose spouse's benefits over your own. If you apply at age 62, you would have a permanent reduction of 25%.
Working backwards, $509/.75 x 2 = $1357. So, his benefit would have to be over $1357 per month for you to even get $1 more. If he is getting $2000, you could get $750-$509 = $241