The article summarizes a report from the Social Security Administration's Office of the Inspector General, which estimated that 9,224 widow and widower beneficiaries, age 70 and up, were underpaid by over $131 million. The article goes on to explain how those who may have been affected can take steps to correct the issue. Joe offers this advice in the article:
Unfortunately, receiving the wrong advice on Social Security claiming strategies is common, according to Joe Elsasser, president of Covisum, a provider of Social Security Timing software...We see that sort of situation a lot, where a divorced spouse doesn't have any idea what is available or what could be available based on their ex's record," Elsasser said.
Read the full article and learn other tips from Joe so you aren't leaving money on the table for your clients. Take it another step and subscribe to Social Security Timing® to help optimize your clients' Social Security benefits strategy and increase their retirement value by up to $100,000.