If a husband dies before filing for benefits, no matter his age, when the surviving spouse attains her full retirement age, she should qualify for 100 percent of the survivors benefit or her own benefit, whichever is greater.
Even if it turns out that Elaine is overly optimistic and she dies at age 89, her lifetime benefits will still increase approximately 8% and she would collect approximately $20,000 more in Social Security benefits if Aaron claims at age 70 instead of age 62, assuming Elaine continues to cl...
* All lifetime benefits are expressed in today's dollars, calculated using life expectancies of 88 and 90 for husband and wife, respectively. The numbers are sensitive to life expectancy assumptions and could change. OPTION 2: WHAT IF I HAVE HEALTH CONCERNS?
For example, if a husband gets $2,000 per month from Social Security and his wife receives $1,500 per month, the wife would be paid $2,000 per month after her husband dies because her husband's payments were higher than hers. “If you are widowed, you may be able to claim your ...
My husband was injured and has not worked in 4 years. During this time he was fighting for Social Security. Now that he has been approved, they are taking over half his check to pay back child support and the 19 year old and youngest child are also getting SSI checks. I have lost my...
an annuity-like stream of income. An individual might rely on one of three types of Social Security benefits at a particular time: benefits for older Americans, known as retirement benefits; benefits for workers who become disabled; and benefits for families in which a spouse or parent dies. ...
When you’re divorced, you may not think that your former spouse’s Social Security benefits would have anything to do with yours. But that might not be the case. If your ex-husband or ex-wife dies, you might want to see if claiming this benefit would result in a higher payment for ...
Finally, and perhaps surprisingly, a delayed claim may also benefit your husband or wife. When one spouse dies, the surviving spouse is eligible for benefits based on the deceased spouse’s PIA. Consequently, if you delay your claim, thus raising your monthly benefits to your full PIA, your...
Let’s Take a Closer Look at Janet’s Social Security Situation Janet reached out to Colley as well, on the recommendation of a dear friend who had also suffered the loss of her husband. Janet had many questions about her financial future, and a large part of this was regarding Social Se...
You cannot qualify for those benefits unless your husband or wife is already receiving Social Security. It's also important to note that if your spouse dies, you would file for survivor benefits, not spousal benefits. And if you were born before that 1954 cutoff date, you might have other ...