Social Security benefits provide a critical financial foundation for families. For retirees, these benefits serve as a reliable income stream, helping cover essential living expenses, healthcare costs, and daily necessities. For spouses and dependent children, Social Security can provide survivor benefits in the event of a loved one’s passing, ensuring that financial support continues during difficult times.
Every family is different, and claiming strategies will vary greatly depending on the different dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income.
Here’s what we discuss in this episode:
0:00 – Intro
1:26 – Single-income households
3:53 – Coordinating claiming strategies
6:39 – Blended families
9:33 – Disabled family members
11:09 – Mike’s advice for claiming
Get your exclusive first chapter of Mike’s books: https://principalpreservationservices.com/books/
Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/
You can also watch Retirement Reality on Demand here: https://bit.ly/40VIByr
