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Women and Social Security

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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.

Are you confident in your ability to retire comfortably? After asking 5,900 working men and women, we were not surprised to see that women are far less comfortable with the thought of retirement. 45 percent said they were either not too confident or not at all confident, compared to 29 percent of men.

19th Annual Transamerica Retirement Survey, 2019

Don’t let that be you! Whether this page has led you to be interested in taking a couple first steps, or you’ve been thinking and planning for awhile, we want to help. 

Women love Social Security. Here's one reason why. It offers income you can't outlive. Ida Mae Fuller, the first recipient of a monthly Social Security check, lived to age 100. She received Social Security right up until the month she died. If your monthly Social Security benefit is $2,000 and you live 10 more years you'll receive a total of almost $300,000 in lifetime benefits. If you live 30 more years you'll receive over $1 million*. Hard to believe, isn't it? Because Social Security provides inflation-adjusted income for life, the best way to get the most out of the Social Security system is to live a really, really long time.

Depending on your own unique marital situation, as well as your work history, you could be entitled to one or more of the following: Retirement benefits, spousal benefits, divorced-spouse benefits, or survivor benefits. How you coordinate all these benefits is crucial in determining your overall Social Security income.

*For illustrative purposes. Assumes an annual cost-of-living adjustment.

Interested in learning more about how you could maximize your benefits? Shoot us a message below!