Social Security is very important to women. Women represent 56 percent of all Social Security beneficiaries age 62 and older, and about 66 percent of all beneficiaries age 85 and older. Whether you are married or single, divorced or widowed, there are certain strategies you can use to give you more benefits over your lifetime.
Here are your realities. In general, women have lower lifetime earnings, lower pensions, and longer lives than men. Women have made a lot of strides in the work world, but there's still a pay gap. On average, women earn 82 cents for every dollar earned by men. This translates to lower retirement savings, lower pensions and lower Social Security benefits. Yet women tend to live longer than men – so you need these resources even more!
Joining us for our discussion on Social Security For Women is Marcia Mantell who is on the phone from from her Plymouth, MA office For nearly 30 years, Marcia Mantell has helped the country’s foremost financial services firms and advisors increase their knowledge of complex retirement concepts and regulations, then turn the technical into the tangible. Her remarkable ability to translate challenging retirement concepts into everyday language educates and motivates real people to take the right steps to achieve the retirement they desire.Through her small business, Mantell Retirement Consulting, Inc., (est. 2005) Marcia develops innovative retirement income planning workshops and programs, fun and engaging retirement education programs and seminars, and writes extensively as a guest columnist and content creator and curator. She is considered a retirement industry go-to-person for Social Security and Medicare expert-level information. She is the author of What’s The Deal With Social Security For Women? Welcome To Mastering Your Money, Marcia Mantell