The rush to take Social Security benefits due to illness may not be the best move
You have a terminal illness and rush to take your Social Security benefits, so you wouldn’t miss out; however, claiming your Social Security early has a lasting impact on your survivors. In Mary Beth Franklin’s column appearing on www.investmentnews.com, she explains while that may seem like a logical move to take your benefits early but it could result in lower lifetime benefits for a surviving spouse. She outlines several things to consider in such a scenario, including the individual’s medical prognosis and the ages of both spouses. Read her column here…
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