Women and Retirement

Retirement planning is important for all Americans, but the importance is heightened for women. The retirement deck is stacked against women in several ways, including generally lower pay compared to men and lower Social Security benefits upon retirement. Social components include greater likelihood of caregiving responsibilities resulting in increased part-time work or time out of the workforce. Since women outlive men by 4.8 years on average, they also have a longer retirement period.

Continue reading source article here.

Damian Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755 

Women and Retirement

Retirement planning is important for all Americans, but the importance is heightened for women. The retirement deck is stacked against women in several ways, including generally lower pay compared to men and lower Social Security benefits upon retirement. Social components include greater likelihood of caregiving responsibilities resulting in increased part-time work or time out of the workforce. Since women outlive men by 4.8 years on average, they also have a longer retirement period.

Continue reading source article here. 

Damian Sylvia

Founder

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

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.

Continue reading source article here.

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

5 reasons the retirement crisis is worse for women than men

It often seems that nearly every day, there's a new report telling ushow woefully unprepared Americans are for retirement.

But dig a little deeper into the myriad studies, and another trend emerges: While both men and women lack retirement savings, the picture for women is far bleaker. The gap starts to develop early: A recent T. Rowe Price study of millennial workers found that women were less likely to put money into a 401(k), and those who did had smaller balances than men.

Continue reading source article here. 

Damian J. Sylvia

Managing Partner

Retirement Income Solutions

Three Reasons Why Women Should Lead Household Retirement Planning

It's high season for nuptials, and newlyweds-to-be are better focused on wedding plans than retirement plans. Fair enough. But there’s an additional, important vow for new husbands to consider post-honeymoon: Thou shalt look to thy wife to drive retirement planning.

If that sound sexist, it’s not. In many cases, it’s just smart financial planning, given a few key retirement facts:

Continue reading the source article at Bloomberg.com.

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road,

Oakhurst, NJ 07755

Key Retirement Concerns And 7 Planning Tips For Women

Retirement planning is extremely important for women, and ideally it should consider the big picture including financial resources, the family’s situation, risks, and employment. Nevertheless, many women are more focused on meeting their families’ current needs than on their longer-term futures.

Continue reading article on Forbes.com.

Damian Sylvia

Managing Partner

Retirement Income solutions