Optimize Your Social Security Benefits

Social security is a significant part of most widows' retirement income. Meet with a member of our financial planning team to make sure you are making the best decisions to prepare for retirement.

Our Social Security Solution for Widows

Studies show that Social Security Benefits provide more than 50% of retirement income for almost half of American seniors. It lifts many women out of financial difficulties, including millions of widows.

Social security is one of the few sources of income guaranteed to last a lifetime with benefits that can rise to keep pace with inflation. It is an important source of retirement income, often providing hundreds of thousands of dollars over your lifetime.

At Merit, we have trained ambassadors that will meet with you one-on-one and offer a Social Security Optimization Tool that allows you to calculate your maximum benefits. Get started today!

The Social Security Optimization report based on your earnings is free. For a nominal fee, we also provide the Enhanced Social Security Optimization (ESSO) service that includes your Spousal Survival benefits.

Mature Women working

Optimal Benefits

The rules for collecting survivor (widow) benefits are quite complex. You may have heard that you can start collecting survivor benefits as early as age 60. The amount to which you are entitled depends on several factors including your age and work history, your current marital status, your late spouse’s age, and whether your late spouse had already begun collecting his or her own benefits.  In fact, some women may qualify for widow’s benefits even if they were divorced from a (now deceased) ex-husband, assuming she did not remarry before the age of 60.

Lady on the beach

Accurate Information

The complexity of the important decision as to when and how to file for benefits is often complicated by bad advice from the Social Security Administration (SSA). A recent audit report released by the Office of the Inspector General revealed that the SSA failed to inform 82% of beneficiaries entitled both to survivor and their own benefits of the option to claim a larger benefit. In fact, the audit estimates that the SSA underpaid 9,224 widows and widowers who were age 70+ by approximately $131.8 million.

Mature Women with Grandchild

More Alternatives

To further complicate things, the SSA makes certain assumptions that do not necessarily line up with the widow’s goals for planning future cash flow in retirement. For example, when the SSA determines your benefits, it assumes that your wages will not increase in the future and it ignores cost of living adjustments, both of which can lead to an underestimation of future benefits and a miscalculation of optimal benefits. The lack of good information can mean a difference of hundreds of thousands of dollars over one’s lifetime, so it’s important to know your options.

Why Our Tool?

What You'll Recieve

The good news is that you do not have to become a Social Security expert to receive the benefits to which you are entitled. Merit’s Social Security Optimization™ Tool allows you to calculate maximum benefits and compare options based on alternate data that is most relevant to you. Our Ambassadors, trained in widowed financial planning issues, will meet with you one-on-one to gather data and understand your situation. We’ll help you gather information from the Social Security Administration, run your two Optimization reports, then review your reports and the benefits available to you.

With this new confidence, you can make smart decisions and focus your time on the things that matter most (like how to spend your benefits)!

Case Studies

Ready to Get Started?

Social security is a large part of most widow’s retirement cash flow and our Social Security Optimization tool helps you to understand your alternatives and prepare for your future. Schedule your one-on-one strategy meeting today.