The biggest Social Security mistake women make

Is 62 too young to claim for women to claim Social Security?

That is the age at which both women and men are allowed to claim, and sure enough, 40.8 percent of the women who were newly awarded Social Security retirement benefits in 2014 were aged 62. Some 65 percent were below their full retirement age, typically 66. And just 2.8 percent of the women were 70 or older, the age at which they receive their maximum Social Security retirement benefits, according to Social Security Administration data.

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Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755

Have a plan when tailoring retirement draws to your income

Are you financially prepared for a 20-year retirement? How about replacing your income over a 30- or 40-year retirement?

The Social Security Administration estimates that the average 65-year-old woman today will live to age 86 and a 65-year-old man today will live to age 84. Also according to Social Security Administration projections, about 25% of today's 65-year-olds will live past 90, with approximately 10% living to be older than 95.

Continue reading source article here.

Damian Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755