#survivor-benefits

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#social-security #retirement-planning #spousal-eligibility #ex-spouse-benefits #asset-allocation
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Social justice
from24/7 Wall St.
7 months ago

We Rely on My Great-Grandma's Social Security - Can My Grandma Inherit Her Mother's Benefits?

Social Security checks are crucial for millions of aging Americans, but benefits end upon a recipient's death.
Retirement
from24/7 Wall St.
8 months ago

Can We Continue Receiving Grandma's Social Security After She's Passed?

Social Security provides crucial survivor benefits beyond retirement, aiding families after a loss.
more#social-security
from24/7 Wall St.
1 month ago

She Lost Her Spouse and Financial Plan; Now $60,000 Must Last Until Age 90

The fundamental challenge centers on balancing immediate income security against longevity risk. With life expectancy potentially extending 20 to 25 years, inflation will erode purchasing power significantly. A woman retiring today at 66 could live into her late 80s or beyond, meaning her portfolio must sustain withdrawals while maintaining growth. Social Security survivor benefits provide the foundation. A widow receives the higher of her own benefit or 100% of her deceased spouse's benefit. If she received $2,000 monthly but her husband received $3,200, she now gets $3,200. However, household expenses don't drop proportionally. Research shows a surviving spouse typically needs 75% to 80% of the couple's previous income.
Business
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