Women and Social Security–The Importance of Planning and Preparing
You’ve probably seen the statistics: More than half of Social Security recipients are women, women live longer than men, women tend to have lower lifetime earnings than men, and so on. These statistics tend to create challenges for women as they plan for retirement, and they heighten the importance of understanding Social Security and the various strategies that can help women maximize their benefits.
A post today on www.capjournal.com (click here to access it) summarizes three prominent aspects of Social Security critical to women. The post ends with this call-to-action: “The sooner you start planning for retirement, the better off you will be.” Sage advice for sure, and the local Social Security Administration office and the SSA website are good places to start. But be aware that the rules and procedures associated with Social Security are fairly complex and sometimes difficult to apply to personal situations. For this reason, the AMAC Foundation several years ago established an Advisory Service that stands ready to provide personalized assistance in interpreting the Social Security maze. This is a free-to-the-public service staffed by trained and certified Social Security Advisors, and in its nearly four years of operation has provided personalized assistance to thousands of seniors, some already enrolled in the program, and some aging in to eligibility. Learn more about this service via the AMAC Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.