The article emphasizes the significance of understanding Social Security benefits, including retirement income, disability, and survivor benefits. Consulting a financial advisor can provide clarity on how these benefits can fit into personal financial plans. It discusses specifics like divorced spouses being eligible for benefits from the higher-earning partner, and survivor benefits for widows or widowers that can begin as early as 60. Understanding eligibility and strategic timing can greatly influence financial outcomes.
When considering Social Security's various benefits, including retirement income and spousal benefits, understanding the program is crucial for financial planning.
Engaging a financial advisor can empower individuals as they navigate the complexities and strategic decisions related to Social Security benefits.
Divorced spouses who were married for at least 10 years can claim benefits from their former partner, highlighting the importance of knowing your eligibility.
Survivor benefits potentially allow a widow or widower to receive up to 100% of their deceased spouse's benefits, depending on when they claim.
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