What Happens to Your Social Security Benefit if Your Spouse Dies?
Survivors benefits can be a valuable source of financial support following the death of a spouse.
Overview
Social Security provides guaranteed income for life to retired workers and their spouses. In most cases, that income becomes more important over time as other sources of savings, such as 401(k) plans and IRAs, are gradually depleted.
But what happens when one spouse dies? In certain instances, survivors benefits allow the surviving spouse to inherit the deceased partner's payout. Unfortunately, many Americans misunderstand the program, which could cause them to miss out on financial support at a vulnerable time.
Details
Read on to learn more about Social Security's survivors benefits.
Source
Originally published at www.fool.com.
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