Social Security Administration Shortchanges Widows and Widowers
An Inspector General's report issued, ironically, on Valentine's Day of this year, accused the Social Security Administration staffers of reducing the benefits of thousands of widows and widowers – to the tune of $132 million and counting.
They did this by forcing, cajoling, suggesting or even just letting widows and widowers file simultaneously to receive both their survivors benefits (also known as widows benefits or widowers benefits) and their retirement benefits. By preventing widows and widowers from taking one Social Security benefit first and the other later, after it has grown, the recipients are denied the opportunity to receive a higher payout in later years.
To be sure you will get everything you have earned, we have an article on our website that explains the process we use to maximize your Social Security benefits.
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At Stout Bowman every investment client is first a financial planning client; it's important to go through that process before we make any professional investment recommendations. Therefore, we strive to make financial planning understandable and comfortable every step of the way. One way to do that is to provide our clients access to financial education resources. To that end, we have subscribed to educational websites to receive their news feeds and present a list of their latest ten articles on a page on this website. Currently, we offer