The Importance of Social Security Advice for Women
To say that advice on maximizing Social Security benefits for women is important is an understatement. It’s more than important, given that more than a quarter of women in a study by Harris Poll for the Nationwide Retirement Institute “believe that life in retirement will be worse for them.” And with only a sliver (4%) of women responding to the study deferring their filing to age 70, while 74% took their benefits before attaining their full retirement age, it seems clear that their filing strategies are not geared for the long haul.
“There are a variety of filing strategies open to women — but too few seek professional advice from a financial advisor to take advantage of them,” explains Roberta Eckert, vice president of the Nationwide Retirement Institute. Napa-net.org contributor Ted Godbout provides a statistical analysis of the potential problems women face later in life absent adequate guidance on Social Security matters. Read his post here…
And while we’re on this subject, remember that the AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
Also, note that the AMAC Foundation conducts seminars on a variety of topics relevant to seniors, including a Webinar planned for later this Spring (May 16) titled “Social Security for Women.” This four-part webinar will provide an overview of the Social Security System and how it serves all Americans, and will provide details on the issues that require close attention on the part of women as beneficiaries. Learn more about this webinar series via the Foundation website‘s “Events” page.