7 Things Women Need to Know about Social Security

Regina McCann Hess |

Have you ever wondered about the intricacies of social security benefits and how they impact women differently? In this episode, I’m shedding light on seven crucial aspects of social security that women need to know. From understanding the impact of career breaks on benefits to the significance of claiming strategies, I’ll provide a comprehensive guide to help women make informed decisions about their financial futures.

Listen in to uncover the common misconceptions about social security, the importance of timing in claiming benefits, and how marital status can affect your entitlements. With practical advice and strategic insights, this episode is essential for women looking to optimize their social security benefits and secure their financial independence

Listen To The Episode Here:

What You’ll Learn:

  • How your social security benefits are calculated based on your highest 35 years of income.
  • The impact of early filing on your lifetime benefits and why delaying can be advantageous.
  • The options available for spousal and survivor benefits and how they affect your financial planning.
  • The unique challenges women face with social security due to longer life expectancies and career interruptions.
  • The importance of strategic planning for social security starting in your late 50s.

Ideas Worth Sharing:

  • "Your benefits are based on your highest of 35 years of income. Now, because so many women take on caregiving responsibilities, there are often gaps in their wage history." - Regina McCann Hess
  • "If you file early, you lock in reduced benefits for life. A quarter of women file as soon as possible, and roughly half file before full retirement age." - Regina McCann Hess
  • "Women tend to live longer than men... thus women have a greater chance of outliving sources of retirement income, so your potential to live a long life makes decisions about when to claim your Social Security benefit very important." - Regina McCann Hess



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