Switching From a Spousal to a Survivor Social Security Benefit? 3 Changes to Expect.
This single shift could have an enormous effect on your finances.
Overview
A spouse passing away changes a lot emotionally, but it also has financial effects, including adjustments to your Social Security checks. If you'd been claiming a spousal benefit on your partner's work record, you'll no longer have that option. You'll also stop receiving the monthly retirement benefit they were earning.
But you'll qualify for a survivor benefit on their work record instead. This type of benefit looks different from what you're used to. Here are the three biggest changes to expect as you navigate this transition.
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Originally published at www.fool.com.
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