Social Security payments can sometimes be a significant portion of a couple’s retirement income. If your spouse passes away unexpectedly, it can have a dramatic impact on your financial wellbeing in retirement. This is especially true if there was a big income difference between you and your spouse. In this article we will review:
Who is eligible to receive the Social Security Survivor Benefit
How the benefit is calculated
Electing to take the benefit early vs. delaying the benefit
Filing strategies that allow the surviving spouse to receive more from Social Security
Social Security Earned Income Penalty
Social Security filing strategies that married couples should consider to preserve the Survivor Benefit
Divorce: 2 Exspouses & 1 Current Spouse: All receiving the same Survivor Benefit
Contact Michael Ruger with Questions: 5184776686 or [email protected]
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