Stacy Francis Featured Article on Forbes: Understanding Social Security, Survivor Benefits Is Crucial—For All Ages
By: Stacy Francis
August 15, 2024
When you’re in your 30s and 40s, Social Security may seem like a distant concern, yet your career and savings decisions now may impact it. Understanding Social Security benefits is especially crucial in the event of your spouse’s passing, as it can significantly affect your financial situation and your ability to support dependent children.
Social Security is complex, and obtaining accurate information is vital. Sadly, misunderstandings and misinformation are common and can lead to significant financial losses. Cross-verify information and provide documentation of communications with the Social Security Administration to ensure accuracy. And make sure you have adequate life insurance coverage to fill any financial gaps after accounting for your survivor benefits if your spouse passes away.
Learn more about the financial planning and wealth management process and contact Francis Financial today.