Part 2: Social Security Survivor Benefits

He's Gone But The Money's Not

Social Security is a key benefit for widows. For many widows it is the only safety net they have when a spouse dies. For those who may have other assets like life insurance or retirement accounts, Social Security will still be a huge part of their financial plan. Here are some topics we cover:

• When can I get Social Security Survivor Benefits?
• Should I take my own Social Security or my Survivor Benefit?
• How much will my children get in Social Security Survivor Benefits?
• How long do Survivor Benefits last?

If you missed Part 1, go back and listen as it gives you important foundational information to understand this episode.

Check out a blog that Nicole wrote about the Widow’s Cap on Social Security https://rockhousefinancial.com/financial-planning/social-security-for-widows/

Resources

Zippia. "30+ Social Security Statistics [2023]: Average Social Security Benefit" Zippia.com. Dec. 12, 2022, https://www.zippia.com/advice/social-security-statistics/

AARP “How Does Social Security Work When A Spouse Dies?” aarp.org. May 05, 2023, https://www.aarp.org/retirement/social-security/questions-answers/social-security-spouse-dies.html#:~:text=If%20you%20are%20below%20full,on%20his%20or%20her%20own.

Social Security Website https://www.ssa.gov

Social Security Webiste, Windfall Elimination Provision https://www.ssa.gov/benefits/retirement/planner/wep.html

Social Security Website, Government Pension Offset https://www.ssa.gov/benefits/retirement/planner/gpo-calc.html

PBS. “What Social Security’s Survivors Planner won’t tell you about taking widows benefits” pbs.org. Jun 16, 2014, ttps://www.pbs.org/newshour/nation/what-social-securitys-survivors-planner-wont-tell-you-about-taking-widows-benefits

If you would like to learn more about Rock House Financial and the services offered see our website https://rockhousefinancial.com/

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