women
Women and retirement savings
At the end of 2022, the average monthly benefit check for a retired woman was $1,638 compared to $2020 for a retired man, according to a report from the Social Security Administration. Why? Women tend to earn less than men,…
Women are lagging behind in saving for retirement
There is a retirement crisis looking for women. According to a recent survey by Prudential Financial, women have only saved about one-third of the amount men have for retirement. Women were three times more likely to be focused on their…
Women want a secure retirement
In a recent report published by the National Institute on Retirement Security (NIRS), more than three-quarters of women surveyed said the typical American worker doesn’t earn enough to save for a secure retirement. The survey also concluded that women want…
Women and retirement savings
“Women are more likely to live in poverty in retirement than are men,” according to the Women’s Bureau of the Department of Labor. Statistically, “11.6 percent of women aged 65 or more years live in poverty, compared with 8.8 percent…
How grey divorce affects women’s Social Security benefits.
According to the Pew Research Center, the divorce rate for those 50 and older has roughly doubled since 1990, far more than any other age group; research conducted by the Social Security Office of Retirement and Disability Policy; found “around…
More on Women and Social Security
As a follow-up to yesterday’s headline article about the retirement issues women face, we came across another a forbes.com article by contributor David Rae exploring the most significant worries women face when approaching that stage of their lives. Again, running out…
Women and Social Security: The Importance of Leveling the Playing Field With Education
Effective retirement planning requires quite a bit of focused attention, but it also requires an in-depth understanding of the rules and options surrounding Social Security’s key decision points. In a post on plansponsor.com, Journalist and Editorial Assistant Amanda Umpierrez offers…
3 Reasons Why Social Security is Important to Women
(Source: Social Security Administration) In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Yet, on average, women face greater economic challenges than…
Retirement Uncertainty and the Impact on Women
Recent research by research Transamerica Center for Retirement Studies (TCRS) reports that “only 12 percent of women indicated being “very confident” they will someday retire comfortably.” This sentiment, coupled with frequent news accounts of generally lower benefit levels and longer lifespans for women,…