Can I collect my dead spouse’s Social Security and my own at the same time? Here are 5 secrets of ‘survivors benefits’ you need to know

No, you can’t collect two benefits at the same time

Don’t count on receiving a double payment if your spouse passes before you. If you’re entitled to both a retirement benefit and the survivors benefit, you’ll receive only one — the larger — of the two amounts.

If the surviving spouse is at full retirement age or older, they can receive 100% of the deceased's benefit amount. If they’re between 60 and full retirement age, they’ll get between 71.5% and 99%.

You’re not obligated to apply for both retirement benefits and survivors benefits at the same time. You can apply for either, depending on which will yield the higher monthly payout, and you can switch from one to the other later.

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In some circumstances, spouses can get survivor benefits before they turn 60

Disabled spouses 50 or older can be eligible, as can spouses of any age who are caring for a deceased person’s child younger than 16.

Incidentally, other family members may also be eligible for survivor benefits. Some examples include:

• An unmarried child of the deceased who is under 18
• A stepchild, grandchild, step-grandchild or adopted child
• Parents of the deceased, 62 or older, who were dependent on the deceased for at least half of their support

You can still get the benefit if you’re divorced, but not if you’re remarried before 60

A survivor can be an ex-spouse if the marriage lasted at least 10 years and the ex-spouse is at least 60 years old (or 50, if disabled).

A surviving ex-spouse is eligible for the same benefit as the surviving spouse, but it won’t impact the surviving spouse’s ability to collect survivor benefits — they will both receive the amount they’re entitled to.

However, if the ex-spouse remarries before the age of 60, they become ineligible to collect survivor benefits unless the marriage ends.

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If your late spouse filed early, the widow(er)’s limit could help

If the late spouse filed early for Social Security, it means the surviving spouse will be limited to the resulting lower payout indefinitely. The widow(er)’s limit came about to offer some protection for spouses in this situation. Technically called RIB-LIM (which stands for retirement insurance benefit limit), the provision allows surviving spouses to collect up to 82.5% of the deceased’s full-retirement-age benefit.

Also important to know: if, at the time of death, the deceased hadn’t yet claimed Social Security, survivors are still eligible to receive benefits.

There isn’t a time limit

There’s no time limit on claiming your survivors benefits — and it could be in your best interest to wait. While you should report the death as soon as possible, you can decide when to claim survivor benefits based on what makes sense for your financial situation. For example, you may want to wait until you reach full retirement age so you’re entitled to 100% of your late spouse’s benefit.

If one spouse earned considerably more than the other during their working life, it may make sense to delay filing for one benefit over the other. Avoid leaving money on the table by talking to your financial adviser about the best strategy for your particular situation.