PROGRAM UPDATE: Survivor Planning Calculator Now Available Online

Jul 29, 2016

Use the Survivor Planning Calculator to help widows and widowers determine when to claim their survivor benefit as it coordinates with their own retirement benefit. You will need to know the widow’s own PIA as well as the amount of the survivor benefit.

For greatest accuracy, have the widow contact SSA and ask for the amount of the survivor benefit if it is claimed at the widow’s FRA. If this is not possible, you can use the deceased spouse’s PIA from a recent statement (if decedent hadn’t started claiming yet) or, if the deceased spouse was receiving benefits at the time of death, use that benefit amount and also enter the age the decedent originally claimed his/her benefit. The calculator will determine the original survivor benefit and adjust it based on the widow’s claiming age.

The tutorial may be viewed at the bottom of the Calculators page, as well as below.

 

IMPORTANT NOTICE
This material is provided exclusively for use by individuals with an active license to the Savvy Social Security Planning Program. Use of this material is subject to the Social Security Planning Program Agreement and applicable copyright laws. Unauthorized use, reproduction or distribution of this material is a violation of federal law and punishable by civil and criminal penalty. This material is furnished “as is” without warranty of any kind. Its accuracy and completeness is not guaranteed and all warranties express or implied are hereby excluded.

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