Timothy Sumer

Social Security Survivor Benefits 101 covers the basics that everyone should know about the Social Security Survivors Benefit. This video covers three different scenarios: what the survivor receives if their spouse never filed for Social Security, what they receive if their spouse filed for Social Security at Full Retirement Age (FRA) and what they receive it their spouse filed for Social Security before full retirement age. Shown below is the survivor payment "haircut" schedule discussed in the video. Note this is current as of 2020. Survivor's Age - % of Deceased FRA Payment Age 50-59* - 71.50% Age 60 - 71.50% Age 61 - 75.58% Age 62 - 79.65% Age 63 - 83.72% Age 64 - 87.79% Age 65 - 91.86% Age 66 - 95.93% Full Retirement Age and Beyond - 100% * This applies to those who are disabled only Important Links: Federal Reserve Board Survey of Consumer Finances: Social Security Administration Application for Benefits Current Social Securi...

In this video, we explain how the death of an ex-spouse affects your social security balance, how you draw social security if you've never remarried, and more. A surviving spouse can collect 100 percent of the late spouse's benefit if the survivor has reached full retirement age, but the amount will be lower if the deceased spouse claimed benefits before he or she reached full retirement age. Watch the video to learn more! 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...

Although many of the complicated strategies around Social Security regarding spousal benefits have been eliminated, there are still options to consider regarding when to begin your, or your spousal, benefits with Social Security. In this webinar we covered common questions we receive about Spousal Social Security benefits, and strategies to maximize your benefits. Topics include: - Scenarios when it makes sense for one spouse not to delay their benefits. - The negative impact of beginning your benefit early, even if you qualify for spousal benefits. - Claiming benefits available to you from an ex-spouse. We cover 3 examples of common mistakes we see with spousal social security benefits.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Are you considering applying for spousal Social Security benefits? It can be a great way to maximize y...