Social Security Children's Benefits: 3 Key Things to Know
Knowing these can help your family maximize their benefits potential.
Overview
While Social Security is generally associated with retirement or disability, it isn't solely for older adults; it also applies to children. Social Security children's benefits are meant to provide financial support to children whose parents are retired, disabled, or deceased.
As of July, there were 731,000 children receiving children of retired workers benefits, 894,000 receiving children of disabled workers benefits, and 1.98 million receiving children of deceased workers benefits. If you're considering applying, here are three things to know.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.