The USC researchers also found that women were more likely than men to have been overly optimistic about retirement-benefits expectations. As a result, men “are more likely to save more and reach retirement better prepared,” the authors wrote.
Some retirees may be surprised to learn that a portion of their Social Security benefits could be subject to federal income taxes.
Women are working longer before retiring, or working part-time in retirement, and that’s a good thing. Let’s start with the big picture and why I find this trend to be a silver lining for boomer women — both financially and spiritually. Then I’ll offer some advice on ways women can successfully stay on the job […]
Beginning this month, many workers will get Social Security benefit estimate statements in their mailboxes for the first time since 2011. But to get the most out of them, you need to know how to read them, fix mistakes in them and plot your retirement plans around them.I’ve spoken to two experts for their advice on all […]
Two days ago, I was sitting on a bench overlooking the Atlantic Ocean watching sizable waves smash onto the sandy beach and talking to a recently retired friend about, no kidding, Social Security. My friend is the sort of guy who pays attention to his finances, but as he was mapping out his retirement scenario […]
In an earlier Next Avenue blog post, I noted that many women have rocky relationships with financial advisers because they find the money pros disrespectful and condescending. I’ve now found disturbing news that financial advisers often give women bum advice about when to claim Social Security retirement benefits. This could have long-term implications for women, because the date you […]
Social Security turned 77 this week, and Mitt Romney’s choice of running mate, Paul Ryan, has put the retirement program on the front burner as a campaign issue. So I’ve been reminded once again about Social Security’s frailty as a backstop for retirement income, especially for women in their 50s and 60s. This point was […]