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Women Tend to Receive Smaller Social Security Benefits - MSN.com
There are various reasons women tend to earn less in Social Security Benefits. According to the article by Lane Erickson and Mary Johnson, an average women receive $332 less per month. They share some insight on how to avoid some of the reasons for this.
Even though this article does not mention it, one of the biggest reasons a woman’s benefits are usually smaller is that they are usually the family caretaker. Your earnings through age 59 are indexed for inflation, meaning they are worth more now than when you earned them. Unfortunately, it is during this time that women tend to be at home raising their children or just working part-time. This is where a spousal benefit may come in, and to receive the maximum, you must wait until your full retirement age (FRA) to claim it. Click here … to read the full article.
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