How To Collect Social Security Survivor Benefits Early (while yours continue to grow)

(don’t forget to checkout the video too)

As a widow you can start collecting social security survivor benefits as early as age 60 (and all the way until your full retirement age).

With social security, it pays to wait until (at least) your full retirement age because that is the point where you will receive 100% of the benefit…🫣

Now, there are certainly cases where it makes sense to take your social security early, but there are a lot of reasons that might be a bad idea.

For every month prior to your FRA that you take your benefit, it will be discounted (in other words penalized heavily).

But a lot of people ask me if they can collect BOTH (a survivor benefit AND their benefit)⁉️

Wouldn’t it be great to be able to collect the survivor benefit AND your own retirement benefit to maximize your guaranteed income in retirement…⁉️

Well, there is a way to do something similar to this…

But you can’t collect them both at the same time unfortunately.

What you can do is take the survivor benefit at age 60 (earlier than you can take your regular social security).

This will help you create an immediate source of retirement income.

At this point, your own retirement benefit will continue to grow (and will grow about 76% from age 62 to 70)…😎

Then at age 70, you can switch over from the survivor benefit to your benefit…

…creating a stream of retirement income starting at age 60 while simultaneously maxing out your own benefit and taking it at 70.

This can serve as a wonderful hedge against inflation AND provide extra income for a possible long-term care event down the road…

Let’s chat 💬😎