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Kiplinger
Kiplinger
Business
Ken Nuss

Social Security Benefits Can Plummet When a Spouse Dies: This Is How Annuities Can Help Plug the Income Gap

A wooden block shaped like a bridge being placed between rectangular blocks in a line.

Most retired couples rely heavily on Social Security benefits. When one spouse dies, there's often a major loss of their benefits.

The surviving spouse will get either their own benefit or the survivor benefit (the deceased spouse's benefit), whichever is higher. If one spouse's benefits are low, the impact on income will be small.

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