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Women’s Social Security Strategy | Business and Finance News

Women’s Social Security Strategy | Business and Finance News

Published 2 days, 6 hours ago
Description

Women rely more on Social Security for retirement than men—and for good reason: lower lifetime earnings, caregiving breaks, and longer life expectancy mean their benefits must stretch farther. Starting benefits early at 62 cuts your monthly payout permanently, but waiting until full retirement age (67 for most) or beyond boosts it by 8% per year up to age 70. Married women may also claim spousal or ex-spousal benefits, and widows can access survivor benefits. With health, other income, and life expectancy all in play, experts say consulting a financial pro is key to maximizing your Social Security payout.

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