The concept of social security that was created decades ago was to have a source of income after your body is unable to physically work. In his new blog post, Bud Boland summarizes three special benefits that can be utilized through the social security program. He explains how taking benefits early works with regards to age, who is eligible to collect if you’re collecting and how benefits might work once a spouse has passed away and remarriage becomes a reality.
Key Takeaways:
- IF someone claims Social Security benefits before retirement age, it doesn’t completely effect the long-term benefits.
- Spouses and children can also claim Social Security benefits earlier if someone in the family passes away.
- Widows, even after they get married again, can still claim previous Social Security benefits of their deceased spouse.
“The good news here is that once they reach full retirement age, a person’s monthly benefits are recalculated to repay the amount withheld during those working years.”
