Josh Scandlen Podcast

Survivor benefits are MUCH different than Spousal benefits and it's up to YOU to understand the difference.  In this video, we bring back Jane and Bob except this time Bob has died.  What is Jane's benefit? Well it depends on when Bob filed for his benefit.  If Bob filed BEFORE his FRA Jane's benefit will be 82.5% of Bob's PIA, or the amount Bob was receiving when Jane died.  Of course, if Jane was receiving more in benefits than Bob, than Jane will receive nothing from Bob's benefit.  That benefit is gone.  If Bob delayed taking his benefit and earned Delayed Earnings Credits (DEC) of 8% a year, then Jane will receive whatever Bob was receiving at his death.  In this case, Bob could have nearly $3700 a month in Social Security benefits if he waited until 70 before filing.  That will be the benefit Jane would receive upon his death.  So, there is some serious planning that needs to be done here to maximize benefits.  If Bob is concerned with leaving J