In this video, we explain how Social Security benefits work for widows. Spousal social security benefits can be some of the most difficult to understand parts of Social Security. Determining the benefits you can receive when your spouse passes away depends on the length of your marriage and the benefit amount you and your spouse were eligible for. Download FREE Cheat Sheet, CLICK HERE 👉 Starting Medicare soon and don't know where to start? WATCH MEDICARE BASICS: Learn exactly how Medicare works in our free workshop here: 📺 Subscribe to our channel if you want more information on Medicare & Social Security: The Medicare Family has been making Medicare and Social Security easy for 40+ years, across all 50 states. And each year, our family continues to help more and more people with how Medicare works, when to take Social Security, and how to find the best Medicare plans. We know that learning about your retirement benefits can be confusing. And it’s hard to find a trusted source of information. We get it! That’s the reason we do what we do. 😄 Visit our website for more in-depth information on Medicare & Social Security: #socialsecurity #socialsecuritybenefits...(read more)
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Social Security Survivor/Widow Benefits 2023: Everything You Need to Know The death of a spouse is a traumatic and painful experience, and the last thing anyone wants to think about is financial stability. However, Social Security Survivor/Widow benefits are available to help ease the financial burden for those who have lost their spouse. Social Security Survivor/Widow Benefits, also known as survivor benefits, are monthly payments for widows, widowers, and dependents of a deceased Social Security recipient. These benefits can provide financial support to help cover the loss of income and expenses that come with losing a spouse. In 2023, Social Security Survivor/Widow benefits will continue to be available to eligible recipients. The amount of benefit will vary based on several factors, including the deceased spouse's earnings record and the age of the surviving spouse. To be eligible for Social Security Survivor/widow benefits, you must be: - A widow/widower who was married to the Social Security recipient for at least 9 months before their death. - A divorced spouse who was married to the Social Security recipient for at least 10 years. - A surviving child who is under 18, a disabled or financially dependent adult child, or a dependent parent who was financially supported by the deceased Social Security recipient. If you are eligible for a survivor benefit, you can receive up to 100% of the deceased spouse's Social Security benefit amount. However, the exact amount you will receive depends on several factors, including your age, your relationship to the deceased, and your own earnings record. In 2023, the maximum monthly benefit for a surviving spouse who is at full retirement age (currently 67 years old) will be $3,229. This amount can change each year based on inflation and other factors. Survivor benefits are generally not taxable, but if you have other sources of income, such as a pension, you may have to pay taxes on a portion of your Social Security benefits. The amount that is subject to taxes will depend on your overall income. It's important to note that if you remarry before the age of 60 (or age 50 if you are disabled), you will generally not be eligible for survivor benefits. However, if you are over the age of 60 (or age 50 if you are disabled) and remarry, you can still receive survivor benefits. In conclusion, Social Security Survivor/Widow benefits can provide important financial support for those who have lost a spouse. If you are eligible for survivor benefits, it's worth taking the time to understand how the program works and how it can help you maintain your financial stability during a very difficult time. https://inflationprotection.org/benefits-for-widows-and-survivors-of-social-security-in-2023/?feed_id=86136&_unique_id=6432f434d6213 #Inflation #Retirement #GoldIRA #Wealth #Investing #divorceandsocialsecuritybenefits #socialsecurityspousalbenefits #spousalbenefitssocialsecurity #Survivorbenefits #survivorbenefitssocialsecurity #widowbenefits #widowbenefitssocialsecurity #widowgovernmentbenefits #widowsurvivorbenefits #SpousalIRA #divorceandsocialsecuritybenefits #socialsecurityspousalbenefits #spousalbenefitssocialsecurity #Survivorbenefits #survivorbenefitssocialsecurity #widowbenefits #widowbenefitssocialsecurity #widowgovernmentbenefits #widowsurvivorbenefits
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