Welcome back to another edition of Women and Wealth!
Regina returns back to social security yet again!
Because it’s fun? No! Because it’s exciting? No!
It’s because it’s important!
And as you’ve learned from previous social security episodes – and will learn from this episode as well – it can be complicated and there are many scenarios that can positively (or negatively) impact what you receive in your retirement years.
This week, Regina focuses on social security for widows and widowers in particular.
From specific questions like “Will I automatically receive the survivor benefit?” or “What if I remarry?” to broader approaches to managing your social security and retirement planning alike – this episode is the perfect crash course for the different situations that you, or a friend or family member, may find yourself in after losing a loved one.
Episode Highlights:
0:00 - Introduction
0:45 - Social Security Death Benefits For Widows and Widowers
2:23 - Some benefits that could be available to you
3:04 - What are the amounts based on?
4:34 - What percentage of the deceased benefit can I receive?
8:04 - Can I receive the maximum survivor benefit even if I receive a reduced spousal or retirement bonus?
9:20 - “Will I automatically receive the survivor benefit?”
11:11 - “My spouse claimed social security before they passed away, how is their survivor benefit calculated?”
12:45 - If they claim AFTER retirement age..
14:54 - “What if my spouse died and never claimed SS?”
16:11 - “Can I receive both my retirement benefit and my survivor benefit?”
16:25 - “What if I remarry?”
17:08 - Can I start my retirement benefit and then switch to the survivor benefit? (And vice versa)
19:59 - “What if I worked in a government position that did not pay into social security?”
21:32 - Action item and wrap-up
ABOUT REGINA MCCANN HESS
Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero. As an advocate for women’s financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.
Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News. She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.
As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth. She focuses on educating her clients while building long-term relationships with them and their families. Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals.
CONNECT WITH REGINA
Website: https://www.forgewealth.com
LinkedIn: https://www.linkedin.com/in/reginamccannhess/
Facebook: https://www.facebook.com/ForgeWealth
Instagram: https://www.instagram.com/forgewealthmanagement/
YouTube: https://www.youtube.com/@ForgeWealth
Email: reginahess@forgewealth.com
Securities offered through LPL Financial, Member FINRA/SIPC www.finra.org, www.sipc.org
Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
For a list of states in which I am registered to do business, please visit www.forgewealth.com.
This material was prepared by MFS Investment Management. MFS Investment Management is not affiliated with Forge Wealth Management, Private Advisor Group, or LPL Financial.
