My wife and I are 54 with a forecast PIA of $2500/mo at FRA and 62 with forecast PIA of $500/mo at FRA.
My thought is that there would be little downside for the older, lower PIA already retired worker to claim early now, and for the younger person with higher PIA continue to work and not claim till 70. Am I correct in my take that the reduction in benefits if claimed now would reduce the 62 yr old to $375 but when the 54 year old reaches FRA the spousal benefit would be $1250 less the $ 500 FRA amount plus the $375 individual benefit or $1125

or would the spousal benefit portion be affected by the other spouse claiming early?

Hi,

Yes, it sounds like you understand the benefit computations that would be involved in the scenario you present, but only you and your wife can actually decide which filing strategy is best for you. You should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully explore and compare all of your various options in order to determine the strategy that best fits your needs.

Best, Jerry