If you’re a widow or widower and you are eligible for Social Security Survivor’s Benefits based on your late spouse’s record, you have some decisions to make that could affect your overall benefits.
Timing is EverythingTiming the receipt of benefits is, as with all Social Security benefits, the primary factor that you can control. If you have worked over your lifetime and you have a retirement benefit based upon your own record coming to you, it becomes even more important how you time receipt of your own benefit versus the Survivor’s Benefit.
If your own benefit will be greater than the Survivor Benefit, it could be useful beneficial to you in the long run to take the Survivor Benefit as early as possible (as early as age 60) even though it will be reduced. You could then continue receiving this reduced benefit for several years to your FRA and then switch over to your own benefit, which will be higher and unreduced at that point.
On the other hand, if the Survivor Benefit would be higher than your own benefit, you could take your own benefit early (reduced, of course) and then switch over to the Survivor Benefit later, at FRA.
By using one of these methods you are able to receive *some* benefit earlier-on in your life, and then switch over to the higher benefit later. Just keep in mind that earnings limits and other reductions will apply. Also, these same options are available for ex-spouse widows and widowers as well, as long as you haven’t remarried.