There are several things individuals should know before going into retirement. However, there are seven in particular that all women should be aware of. These include:
- Women are known to face greater financial challenges during retirement.
- Partial benefits are available at 62 years old.
- Marriage does not restrict benefits.
- You’ll be paid the higher rate if eligible for multiple benefits.
- Social Security benefits may decrease if an individual continues to work during retirement.
- Widows are eligible to receive survivor benefits.
- If an individual goes through a divorce, they may still be eligible for their ex’s benefits.
For more information on these seven points, check out the original article posted on Yahoo!Finance here.