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The Complexities of Survivor Benefits Explained
Social Security benefits for surviving spouses can be rather complicated so, for financial planning purposes, it’s important that couples clearly understand how the process works. As in the case of most of Social Security’s regulations, the age at which this type of benefit is claimed is a determining factor, as explained by Los Angeles Times financial columnist Liz Weston in a post on their website. Her post also covers other circumstances (e.g., the Earnings Test) that could impact the net amount of a monthly benefit for survivors. Read her post here, and if still confused, remember that the AMAC Foundation’s free-to-the-public Social Security Advisory Service is available to help you. Learn more about that service and how to access it here…