Tax and financial planning news from around the web: May 2- 6, 2022

When you claim Social Security can have huge implications for your spouse 
Many people don’t have a basic understanding of how claiming Social Security benefits early can haunt them — and their loved ones. Here are important steps to consider to maximize a survivor’s benefits. 

This is the income a family needs to cover normal living expenses in Ohio 
The estimated cost of living for an Ohio family of four stands at $73,570 for 2022, lower than the national average and the fifth lowest among states. Research shows there are about 2,952,200 families living in Ohio, and an estimated 23.3% of them earn less than $40,000 per year.