📋 7 Things to Know About Survivor Benefits for Children (AARP Article)

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📋 7 Things to Know About Survivor Benefits for Children (AARP Article)

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

Need to Know About Social Security Survivor Benefits for Children.

Monthly payments can help offset financial impact of losing a loved one.

By Patricia Amend and Andy Markowitz, AARP. Reviewed by Jammie Lyell. Published October 29, 2024.

As a parent of young children, thinking that you or your spouse might not be alive to care for them as they grow up is difficult.

But planning for an unexpected loss is important for ensuring the financial well-being and stability of kids left behind, and “Social Security survivor benefits play a crucial role in this planning process,” says Alyson Claire Basso, a certified financial planner at Hayden Wealth Management in Middleton, Massachusetts.

Widows and widowers make up most recipients of survivor benefits, but if your partner dies, your kids could also be eligible for monthly payments.

https://www.aarp.org/retirement/social-security/info-2024/parents-children-survivor-benefits.html