Social Security's 3 Forgotten Benefits
May 12th 2013 9:10AM
Updated May 12th 2013 2:30PM
When most people think about Social Security, they focus on the benefits it gives to retirees. But Social Security provides a lot more than just retiree benefits, and the other programs it includes go a long way toward helping protect you and your family from financial hardships.
In the following video, Motley Fool investment-planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about the other benefits that Social Security offers. Dan discussed programs that help workers who suffer a disability that prevents them from working during their career, as well as supplemental income available to certain low-income individuals who are retired or disabled. Moreover, as Dan notes, the survivors' benefits program that often gives spouses of retirees valuable money can pay monthly checks to family members if someone dies before reaching retirement age. It makes sense to review your full benefits on your Social Security statement and understand what you're entitled to from Social Security.
In saving for retirement, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of.Â Click here nowÂ to keep reading.
Editor's note: The volume levels in some parts of this video are low. The Fool regrets any inconvenience.
The article Social Security's 3 Forgotten Benefits originally appeared on Fool.com.You can follow Fool contributor Dan Caplinger on Twitter: @DanCaplinger . Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.