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1 Social Security Strategy That Can Give You More Money

Claiming benefits under Social Security can be tricky, especially for married couples. In some cases, decisions you make can lead you to get more money than you'd expect.

In the following video from our Social Security Q&A series, Dan Caplinger, The Motley Fool's director of investment planning, answers a question from Fool reader Robert, who asks whether his spouse can later get higher survivors' benefits after his death even if his spouse takes spousal benefits based on his work history at age 62. Dan confirms Robert's suspicion that his spouse will get less than the normal half of her spousal benefits because she's taking them early, but if she doesn't take survivors' benefits until full retirement age, she won't get penalized on those benefits. Dan concludes that essentially, survivors' benefits let your spouse restart the clock even after taking early benefits earlier in life.

How to get even more income during retirement
Social Security plays a key role in your financial security, but it's not the only way to boost your retirement income. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

Have general questions about Social Security? Email them to SocialSecurity@fool.com, and they might be the subject of a future video!


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Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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