Advanced Underwriting Consultants

Question of the Day – April 18

Ask the Experts!

The professionals at Advanced Underwriting Consultants (AUC) answer the tax and technical questions posed by producers.  Here’s the question of the day.

Question: My 62 year old client’s husband recently passed away.  He was collecting social security benefits, and my client wants to know when she will be eligible to get the survivor’s benefits.

Answer: An eligible widow or widower can start collecting a survivor’s social security benefits as early as age 60.  If the widow or widower is younger than the normal retirement age (age 66 for those born in 1945), then the survivors’ benefit is reduced—similar to the way a social security early retirement benefit is reduced.

If the client is eligible for a survivor’s benefit and her own social security retirement benefit, she can collect the higher of the two.  See the social security website for more information.

Have a question for the professionals at AUC?  Feel welcome to submit it by email.  We may post your question and the answer as the question of the day.