CLARION, Pa. (EYT) – Michael Patton, of Patton Financial Advising, submitted the following article: Survivor Benefits Provide a Financial Lifeline.

The decisions you make when claiming your Social Security retirement benefit could make a big difference to survivor benefits that might be available to your spouse. That’s why it is important to consider these benefits long before they are needed.

Survivor benefits for a spouse are based on the retirement benefit that the deceased worker was collecting or entitled to collect at the time of death. If the worker claimed benefits at full retirement age, or died before claiming benefits and before reaching full retirement age, survivor benefits would be based on the full retirement benefit amount, called the Primary Insurance Amount or PIA.

Read the full article here.

Patton Financial Advising
51 N. 4th Avenue
Clarion, PA 16214
814-226-9400

Toll-free 1-877-547-2751

Visit website: www.pattonadvising.com

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