Santa Barbara Estate Planning and Elder Law would like you to know some important information about social security benefits for elder women.
While Social Security is a crucial component of many Americans’ retirement income, it is particularly important to women. According to the National Committee to Preserve Social Security and Medicare, 48 percent of elderly unmarried women relied on Social Security for 90 percent or more of their total income in 2017.
The Social Security Administration (SSA) has written a booklet detailing what women should know about Social Security. Here are the highlights:
You can learn more by reading the SSA publication What Every Woman Should Know, which is available for free at https://www.ssa.gov/pubs/EN-05-10127.pdf.
You can also give Santa Barbara Estate Planning and Elder Law a call- (805)946-1550- to set up a consultation with us. In this consultation, we can discuss how your social security benefits might impact your estate plan.