Miscellaneous

Social Security Survivor Benefits – By The Numbers

By June 14, 2019June 30th, 2021No Comments
misc

The Social Security survivor benefits program provides a lifeline to over 3 million Americans each year. Here are a few statistics that may surprise you about the survivor benefits program:

 

_____

9 – months you need to have been married prior to your spouse’s death to qualify for survivor benefits. There are some exceptions for certain accidents and active military duty. (Source)

 

_____

60 – age that survivors can begin to receive (reduced) survivor benefits. To receive full benefits, survivors can wait until their Full Retirement Age (FRA). NOTE: The FRA for survivors is DIFFERENT than the FRA for retirement benefits! (Source)

 

_____

71.5 – percentage of full survivor benefit that a widow collects if they begin benefits at age 60. (Source)

 

_____

97 – percentage of survivor beneficiaries that are female. (Source)

 

_____

98 – percentage of children who have a parent die while they are young eligible to receive benefits. (Source)

 

_____

If you want to learn more about the Social Security survivor benefits program, the Social Security website is the best place to start!

Elliott Weir, CFP

Elliott Weir, CFP

I work with recently widowed women looking for a different kind of relationship with a financial adviser. No products sold, no costs hidden, and no pressure for hasty decisions - all for a clearly disclosed fixed fee. For those women wanting the patient guidance of an experienced professional paid only to help them, III Financial offers a distinctive alternative to typical insurance agents, investment managers, and wealth managers.

Leave a Reply