Financial planners and advisors need to have a good understanding of Social Security’s benefit provisions as they apply to married couples. Otherwise, making inefficient or suboptimal decisions is all too easy. We examine the rules for spousal and survivors benefits.
Author: Bruce D. Schobel, FSA, MAAA, CLU, CEBS, is a consulting actuary in Winter Garden, Florida, who worked for SSA during 1979 through 1988 and has stayed involved in Social Security matters since then. He was staff actuary to the National Commission on Social Security Reform (the “Greenspan Commission”) that developed the framework for the Social Security Amendments of 1983.