Denton County Living Well Magazine Spring 2015 - Page 47

Factoring Social Security Survivor Benefits into Retirement Courtesy Barlow Capital Advisors, Dan and R. Brennan Barlow A lthough there’s a great deal of speculation these days surrounding the future of Social Security, we know many Americans have factored Social Security benefits into their retirement plans. If you have a family, Social Security also provides dependent benefits to surviving spouses (and ex-spouses), surviving children and, in some cases, surviving parents. Here are some good things to know if you or your loved ones fit into one of these categories. Surviving spouses. If you were married to your deceased spouse for at least nine months and you are not remarried, you may begin to draw Social Security benefits as early age 60 (age 50 if you are disabled). If you are taking care of a child who is younger than 16 or disabled, there is no minimum age requirement. The nine-month d