Social Security: 10 Things You Need to Know About Survivor Benefits

Did you know you are entitled to your spouse’s Social Security benefit when they pass away? At retirement, you might choose to collect either your own benefit or your spouse’s survivor benefit, whichever is higher. Many people don’t understand or know when to claim survivor benefits. The following are 10 key things spouses should know about Social Security survivor benefits.   You are eligible to collect widow or widower benefits at age 60. If you are able to wait to claim the benefit, the monthly payment may be higher. Some circumstances allow you to collect before age 60: surviving […]