Social Security Brian Doherty Explains How the Social Security Law Can Be Hard on Women

Gender does not have any effect on the size of the benefit a person will receive. However, work history has a big effect, and 75% of the time today, men will have bigger benefit amounts than women based on their earnings. For a married couple, there are some important ramifications to this that the couple needs to recognize and deal with. Social security expert Brian Doherty explains what needs to be done in this report.

Brian Doherty

Brian Doherty

Doherty takes a typical couple where the husband has a bigger benefit entitlement than the wife based on work history. It is also probable that she will outlive her husband. The decision the husband makes about claiming is benefits can have a big effect on the wife’s future well-being. The husband should try to maximize his benefit amount.

When the husband dies, one of the two checks the couple receives will go away. The wife can elect to receive the larger check. That’s why it is very important for the husband to wait to claim his benefits. If he claims his benefits at age 62, he will lock in a much smaller check for the rest of his life and, probably, the rest of his wife’s life. In order to ensure his wife’s financial well-being, a husband needs to wait as long as possible to begin receiving benefits.

Brian Doherty is the author of a new book “Getting Paid To Wait,” which reveals his groundbreaking strategy on how to maximize Social Security benefits. He is a nationally-recognized expert on Social Security claiming strategies and a top-rated speaker and media commentator on this topic. He began his career as a financial advisor with Dean Witter. He is President of Filtech, a consulting company specializing in Social Security claiming strategies. The Legal Broadcast Network is a featured network of the Sequence Media Group.