Women and Social Security
Among the interesting statistics Liz Skinner notes in this Investment News article are these: women represent more than half of all Social Security beneficiaries aged 62+ and two-thirds of beneficiaries over the age of 85. Because women live longer than men and spend more time in retirement, often with less savings because of lower lifetime earnings, Skinner notes financial advisers must be especially knowledgeable about Social Security strategies. Read her full piece here that also discusses survivor benefits and the interaction between Social Security and Medicare.
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.