8 Costly Social Security Mistakes That Women Make

Claiming Benefits Too Early: Many women claim Social Security benefits as soon as they become eligible at age 62, which permanently reduces their monthly benefit amount.

Not Understanding Spousal Benefits: Women who are married, widowed, or divorced may be eligible for spousal benefits, which can be up to 50% of the spouse's benefit at FRA.

Overlooking Survivor Benefits: Widow(er)s are eligible for survivor benefits, which can be up to 100% of the deceased spouse's benefit.

Failing to Coordinate Benefits with a Spouse: Couples should strategize when and how to claim benefits to maximize their combined lifetime benefits.

Underestimating Longevity: Women often live longer than men, which means their retirement savings and Social Security benefits need to last longer.

Not Checking Earnings Record: Your Social Security benefit is based on your top 35 years of earnings.

Ignoring the Impact of Divorce: Divorced women may be eligible for benefits based on their ex-spouse's work record if the marriage lasted at least 10 years.

Not Seeking Professional Advice: Social Security rules can be complex, and making the most of your benefits often requires careful planning.

More Stories

Top 10 Bronzing Kits for Summer

Use the Fenty Shade Finder

This Year’s K-Beauty Trends