In this video, we explore how long-term care expenses can reduce a couple’s retirement portfolio, and how the loss of one Social Security benefit can create an additional, permanent reduction in household income.
We’ll discuss:
- How Social Security survivor benefits work for married couples
- Why the surviving spouse generally does not continue receiving both Social Security checks
- How a long-term care event can affect the surviving spouse’s financial security
- Why the higher earner’s Social Security claiming decision can matter for the survivor
- How delaying the higher earner’s benefit may increase the survivor benefit
- Why women should pay particular attention to survivor income planning
- Five questions every married couple should consider before claiming Social Security
Retirement planning is about more than maximizing a portfolio balance. It’s about protecting your quality of life and the life you’ve spent decades building.
If you’re approaching retirement and trying to determine the right Social Security claiming strategy for you and your spouse, this is an important conversation to have before you file.
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