Some retirees face a survivor's penalty on their taxes after a spouse dies. Here's how to reduce the burden, advisors say.

The loss of a spouse can lead to higher taxes due to changes in filing status, reduced deductions, and increased Medicare surcharges. Planning ahead can help mitigate the survivor's penalty and reduce ...

Claiming standard benefits early will reduce your monthly benefit by 5/9 of 1% monthly, up to 36 months. With spousal ...

What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Alice Stone Nakhimovsky was forced to learn about her finances at a time of profound grief after losing her husband of nearly 50 years, exposing the risks of couples not sharing financial information.