The top retirement fears, and how to tackle them A survey has found that running out of savings tops the list of concerns that people have about retirement, according to this article on CBS Moneywatch. Many respondents also fear that they would have no Social Security benefits, or reduced benefits, by the time they retire. Others are concerned that they would need long-term care because of health issues, the survey found. Cognitive decline and lack of adequate and affordable health care were also cited by more than a quarter of the poll participants.

If a client dies, can wife take spousal benefit while letting widow's benefit grow? A 62-year-old wife who is collecting a Social Security spousal benefit on her husband's 71-year-old husband will not be able to collect on her spousal benefit any longer. She will be shifted to a widow's benefit upon his death, according to this Q&A article on Forbes. The widow's benefit will be reduced if the husband dies before she turns 66, but it will be 100% of the husband's retirement benefit if his death occurs after she reaches her FRA. The husband's actual retirement benefit will be higher than the full retirement amount because of delayed retirement credits.

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