Social Security Strategies for Widows & Widowers

Social Security Claiming Strategies: A Guide for Widows and Widowers depicts elderly woman holding laptop and social security check.

Presented by Dean Elliott, CPFA®:

If you are widowed, you have some decisions to make when it comes to claiming social security benefits. You may be eligible to claim benefits based upon either your own earnings record or that of your deceased spouse.

To qualify for survivor benefits, your deceased spouse must have been “fully insured” under social security regulations at the time of passing. For most, this requires a minimum of 10 years of full-time work covered under social security. For younger individuals, this amount may be reduced.

Even if your deceased spouse didn’t have the number of credits needed, social security may pay benefits to you and your children if you are caring for the children. In this situation, you and your children may get benefits if your deceased spouse had just six credits or one and one-half year’s work in the three years preceding his or her death.

In addition, you must meet the following qualifications:

  • You must have been married at least nine months prior to your spouse’s death.
  • You must be at least 60 years old. If you are younger than 60, you must be caring for a child younger than 16 or you must be disabled and receiving benefits.
  • If you are divorced, you must remain unmarried until age 60.

Survivor benefits represent 100 percent of the deceased’s social security primary insurance amount, plus any delayed retirement credits. If, however, you claim before your full retirement age (FRA)—as determined by social security rules—the benefit amount will be reduced by a maximum of 28.5 percent. This means you will never receive less than 71.5 percent of the full retirement benefit.

An Examination of Claiming Strategies

Here’s a look at social security timing strategies:

Michelle is 60 and was married to James for many years before he passed away suddenly last year. Both James and Michelle had successful careers with high earnings. Michelle’s full benefit at her FRA of 66 will be $2,000 per month; her late husband, who passed away at his FRA of 66, would have received $2,400 per month.

Michelle can consider a variety of filing strategies to maximize her social security benefits. To start, Michelle can choose from two relatively straightforward options, both of which would yield different results depending on how old she is when she files for benefits.

Option 1: Claim survivor benefits. Michelle can file now at age 60 and receive a survivor benefit of $1,716 per month (71.5 percent of the full benefit of $2,400). If she waits until her FRA of 66, she would receive the full survivor benefit of $2,400 per month.

Option 2: File for her own benefits. Michelle may claim her own benefit early at age 62 and receive $1,500 per month. If she waits until age 66, she would receive $2,000 per month.

The above strategies don’t necessarily maximize the amount of money Michelle could receive to support her lifestyle, however. Often, individuals can combine various claiming strategies, filing for benefits at different times and switching between benefits, to receive more income.

Option 1: Worker benefits now and survivor benefits at FRA. Michelle can file at age 62 based upon her earnings record. She would collect $1,500 until reaching her FRA of 66, at which time she could switch to the survivor benefit and receive $2,400 per month.

Option 2: Survivor benefits now and worker benefits at age 70. Michelle can file for survivor benefits at age 60 and receive $1,716 per month. She could delay switching to her own earnings record until age 70. This delay would allow her monthly benefit to accrue delayed retirement credits, which would add 32 percent to her worker benefit. So, instead of collecting $2,000 per month, her benefit at age 70 would be $2,640.

The optimal strategy for you depends on your personal circumstances. Understanding the options and nuances available can help you make the most appropriate decision.

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer.

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Dean Elliott is a financial advisor located at Global Wealth Advisors 207 That Way B-3, Lake Jackson, TX 77566. He offers securities and advisory services as an Investment Adviser Representative of Commonwealth Financial Network®, Member FINRA  / SIPC,, a Registered Investment Adviser. Financial planning services offered through Global Wealth Advisors are separate and unrelated to Commonwealth. He can be reached at (979) 849-4700 or at info@gwadvisors.net.

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