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Survivor Social Security Benefits Strategy
- Surviving spouses can maximize Social Security by starting survivor benefits at 60 and letting their own retirement benefit grow until 70.
- Many miss out on tens of thousands of dollars by not filing correctly and there's usually no way to reclaim lost benefits.
Social Security Risks Misunderstood
- Many people incorrectly fear dying early and receiving less Social Security if they delay benefits.
- The real financial risk is living a long time with inadequate income, which delaying Social Security helps mitigate.
Why More Than Enough Happens
- People often end up with more money than needed because safe spending rates are low to guard against risks.
- When risks don't materialize, it’s normal to have more than enough money later in retirement.