When husbands claim Social Security benefits early at age 62 and then pass away, their widows often receive survivor benefits based on the reduced amount locked in at the early claim, not the higher full retirement or delayed benefit. This can mean a significant monthly shortfall, sometimes over $900 less than what the husband might have received if he delayed claiming until age 70. Since Social Security is a major income source for widows, this reduction can lead to a loss of over $200,000 in lifetime income, making it harder to cover essential expenses. Widows should verify their survivor benefit calculations with Social Security and consider claiming strategies to maximize lifetime income.
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