Social Security rules have eliminated "File and Suspend" or "Restricted Application" as a filing strategy for married people in 2015. For widows, the "Restricted Application" strategy still works as long as they have not remarried before 60. In this video, Tom and I discuss how two clients were recently helped and how they have been able to collect their benefits. Questions? Email us at Hans@CardinalGuide.com, call us at (919) 535-8261, or visit our website at CardinalGuide.com. Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Cardinal Advisors are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. The content of this channel is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Brookstone Capital Management. Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Cardinal Advisors is not affiliated with or endorsed by the Social Security Administration or any other government agency. Any review of “The Complete Cardinal Guide” is specific to the book and is not an endorsement of the advisor....(read more)
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Social Security is a government-run program that provides economic assistance to widows and widowers. When a spouse dies, the surviving spouse may be entitled to receive Social Security benefits. These benefits can be a significant source of financial support for widows and widowers who are left behind after the death of their spouse. To qualify for Social Security benefits as a widow or widower, the spouse who died must have earned enough Social Security credits during his or her lifetime. The surviving spouse must also be at least 60 years old (or 50 if they are disabled), and they must not have remarried before the age of 60. If the widow or widower meets these requirements, they may be able to receive a monthly benefit payment that is based on the earnings of their deceased spouse. For example, if the deceased spouse had been receiving Social Security benefits, the surviving spouse may be eligible to receive those same benefits. Alternatively, if the deceased spouse had not yet started collecting benefits, the surviving spouse may be able to receive a benefit based on that spouse's earnings record. The amount of the benefit payment will vary depending on a number of factors, such as the length of the marriage and the age of the surviving spouse. One important thing to note is that if the surviving spouse remarries before the age of 60, they will lose their eligibility to receive Social Security benefits based on their deceased spouse's earnings record. However, if they remarry after the age of 60 (or 50 if disabled), they can still receive benefits. In some cases, the surviving spouse may also be eligible to receive benefits based on their own earnings record, which can help to supplement their income. In addition to providing financial support to widows and widowers, Social Security also offers survivor benefits to the children of deceased workers. In some cases, the surviving spouse may also be eligible to receive benefits on behalf of their children. These benefits can help to ensure that the family is able to maintain a steady source of income after the loss of a parent or spouse. In conclusion, Social Security is an important program that provides economic assistance to widows and widowers. By offering monthly benefit payments based on the earnings of the deceased spouse, Social Security can help to alleviate some of the financial strain that comes with the loss of a loved one. If you are a widow or widower, it is important to know your options and to take advantage of the resources available to you through Social Security. https://inflationprotection.org/social-security-benefits-for-a-widow-or-widower/?feed_id=84050&_unique_id=642a5e6bb47fc #Inflation #Retirement #GoldIRA #Wealth #Investing #benefits #hansscheil #restrictedapplication #socialsecurity #Widow #Widower #SpousalIRA #benefits #hansscheil #restrictedapplication #socialsecurity #Widow #Widower
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