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Understanding Survivor Benefits: It’s Complicated, But Critical
Knowing when and how to receive Social Security survivor benefits can be critical to one’s long-term retirement planning, and it’s often not a simple thing to figure out. Certified Financial Planner Gary Boatman, in a post today on observer-reporter.com, discusses some of the basic points to be considered in arriving at the best strategy. Read his post here…
Know also that the AMAC Foundation offers a free-to-the-public service through which trained and certified Social Security Advisors can help you understand the rules and how they might apply to your situation. For more information on this subject, visit the Foundation’s website. Another service of the AMAC Foundation is the weekly publication of a Q&A column focused on subjects of critical importance, like pousal benefits. Here are links to some articles on this subject:
- https://socialsecurityreport.org/ask-rusty-ex-spouse-benefit-does-it-affect-mine/
- https://socialsecurityreport.org/ask-rusty-deemed-filing-50-of-spouses-benefit/
- https://socialsecurityreport.org/ask-rusty-remarried-ex-spouse/
- https://socialsecurityreport.org/ask-rusty-widows-benefit-if-spouse-dies-before-applying/
- https://socialsecurityreport.org/ask-rusty-ex-spouse-benefits-when-you-dont-get/
Taking the widow’s benefit. 63. LPN. Would like to work, but have to be do careful not to go over 16,700. Makes me angry. Gov should want productive citizens. Nurses are in short supply. What say you?
Sheila:
Thank you for the comment. The Association of Mature Americans (AMAC) is actively working toward a solution to Social Security’s long-term solvency issue, and has developed a proposal for legislative action to resolve the dilemma without increasing taxes. Presently, the Association is analyzing the leading Congressional proposals and developing a compromise framework to address the long-term problem, and it appears likely that this compromise position will include a recommendation to eliminate of the Social Security Earnings Test–the current rule that produces the situation you describe in your comment. Elimination of this provision will enable folks not at their full retirement age to remain in the workforce while receiving benefits, without encountering a benefit reduction. Stay tuned at AMAC.us for further developments as we move forward on this. And, thanks again for your comment!
Gerry Hafer
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