When a Social Security beneficiary dies, does the funeral home notify Social Security or is notification up to the family?
Many funeral directors voluntarily provide death information directly to Social Security. But family members of a deceased individual still have the legal responsibility to notify Social Security. For information on what action to take when a beneficiary dies, see What To Do When A Beneficiary Dies.
The term "risk tolerance" refers to an investor's willingness to accept declines in the value of the investor's investments pending waiting for them to increase in value. An investor with high risk tolerance accepts greater volatility and potential decline in the value of his investments.