2007-07-18 07:01:37 · 12 answers · asked by 6th Finger 2 in Business & Finance ➔ Personal Finance
No. Not usually.
Dependant children may qualify for some limited social security until they reach their majority.
2007-07-18 07:04:25 · answer #1 · answered by Gaspode 7 · 0⤊ 1⤋
If you have a private retirement plan through your employer, and if you chose the option that pays to your family at your death, then yes it could be available for your family.
As for Social Security, your kids under 18 can can some benefits, and the widow until all the kids are 18. After that, she can't get benefits till she reaches retirement age.
2007-07-18 07:06:10 · answer #2 · answered by Faye 4 · 0⤊ 0⤋
I guess it depends on the plan, but yes. I know your family can't collect your Social Security, but if you saved for your retirement personally, I think the money goes back to your family.
2007-07-18 07:05:03 · answer #3 · answered by David 2 · 0⤊ 0⤋
You really need to read the details of your retirement plan. Some funds are reduced, others just pass on to your survivors.
2007-07-18 07:04:50 · answer #4 · answered by Tim 7 · 0⤊ 0⤋
Depending on what type of retirement fund you are speaking of...some require that you have to set up a beneficiary or else it would end up on Probate...while others have no option and go straight to Probate.
2007-07-18 07:09:34 · answer #5 · answered by Austin 1 · 0⤊ 0⤋
in case you die earlier you change sixty two or older, the contributions you made to SS stay interior the fund to be paid out to those that are at present amassing advantages. on the grounds that lots of the excess replaced into spent already, even contemporary employed human beings can under no circumstances make up the deficit. there are literally hundreds of persons receiving social protection funds who under no circumstances contributed to the fund and must be paid out. those are besides to retired or disabled seniors. to those that pronounced Congress stole the money, it replaced into used for products interior the cost variety, did no longer go into their economic institution debts.
2017-01-21 08:14:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋
They can get Social Security Survivor benefits under certain conditions. If the children are under 18, and for the spouse if the kids are under 16 years of age.
2007-07-18 07:04:31 · answer #7 · answered by Maria b 6 · 0⤊ 0⤋
depends on what retirement fund you have.
2007-07-18 07:04:51 · answer #8 · answered by FELLOW CRAFT 2 · 0⤊ 0⤋
only if you elect that option when you retire, and if you do, you will receive less money while you are still alive.
2007-07-18 07:04:16 · answer #9 · answered by Anonymous · 0⤊ 2⤋
You have to leave a beneficiary.
2007-07-18 07:05:21 · answer #10 · answered by Anonymous · 0⤊ 0⤋