#2 Social Security Survivor Benefits: plan ahead for this scenario
It’s not a discussion we like to have, but if you’re married or have a civil partnership (as there are states that recognize those as well), you should have the discussion of how to maximize the social security benefits in the case that one of you dies.
The widower can receive the deceased partner’s social security check instead of their own if the benefits are higher than theirs in order to be able to live more comfortably. This is why the spouse with the highest earnings should strive to retire as late as possible because whether something happens or not, their social security benefits will be high.
And if they pass away, they know their partner will be well taken care of.
Impossible in NYC
Here in NYC that is impossible YOU’RE DREAMING!!! Rent alone is $2500-,and I just put 175 gallons of fuel oil in my oil burner tank @$925- Dream again!!!
I paid in close to the limit of social security for much of my life. Yes I took social security at 62 but my checks are less than $900 a month as it would not make my house payment. Thank goodness my retirement income is far in excess of that. I can’t imagine living on that alone.
My insurance is to high for my home it takes almost half of my social security check.
If you’re use to working and get are social security checks once month it’s hard it not nearly enough to live off but some i make it work I’ve been living on disability for little over 20 years some I make it work you have to remember you buy everything you need for the month i mean everything from food to toilet paper one supply it’s like put a puzzle together with God’s help I survive and retirement and ssdi all that the same thing I wish with this next raise we getting next year be enough where I won’t have to scratch my hair out because I don’t have enough money to survive Lord God help us to live comfortable in our golden years I pray it works out