What Women Need to Know About Retirement - Wiser

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� Most recent W-2 tax form � Bank name and account number, so your check can be directly deposited into your account each month. If you are applying for benefits based on your spouse’s earnings, you’ll need his birth certificate and Social Security number, as well as your marriage certificate. A Woman’s Social Security Checklist Review your yearly benefit estimate to find out what you’re eligible for at different points in time. To request a free estimate or to apply for benefits, go to www.ssa.gov or call 1(800)772-1213. Understand that if you divorce, you will only be eligible for spousal benefits if your marriage lasted at least 10 years and you remain unmarried. Read more about Social Security and divorce online at www.ssa.gov. If you’re married, review your husband’s annual benefits estimate together. The longer your husband works, the higher your benefits will be. Save as much as you can, and get help making investment decisions if you need it. Social Security is not supposed to be your only source of retirement income, so don’t rely on it that way. For help figuring out how much you’ll need in retirement, use the free retirement planning calculator at www.wiserwomen.org. When planning for your retirement, factor in the taxes you’ll have to pay on your benefit if you make above the earnings limit. You can estimate your taxes at www.ssa.gov, under Retirement Planner. If you decide to apply for benefits later than age 65, you still have to call and apply for Medicare benefits three months before your 65 th birthday. Call (800) 772-1213. Pay attention to the Social Security reform debate! We owe it to each other to rally in support of this program that protects so many women from poverty as they age. References Beedon, Laurel. Social Security: Basic Data. Fact Sheet. AARP Public Policy Institute. April 2005. Social Security Administration Web site, www.ssa.gov. Social Security Administration. Facts & Figures about Social Security, 2006. Released September 2006. http://www.ssa.gov/policy/docs/chartbooks/fast_facts/2006/ Women’s Institute for a Secure Retirement Web site, www.wiserwomen.org. Women’s Institute for a Secure Retirement. Social Security and Divorce: What You Need to Know. Fact Sheet. Social Security section on www.wiserwomen.org. 37
Women’s Institute for a Secure Retirement. Social Security: What Every Woman Needs to Know. Fact Sheet. Social Security section on www.wiserwomen.org. Women’s Institute for a Secure Retirement. Your Future Paycheck: What Women Need to Know About Pay, Social Security, Pensions, Savings and Investments. May 2002. 38
Page 1 and 2: Foreword by Teresa Heinz Kerry What
Page 3 and 4: Foreword By Teresa Heinz Kerry Ther
Page 5 and 6: stability, and protecting Social Se
Page 7 and 8: WISER’s mission, our goal, our de
Page 9 and 10: Work Status � Women are more like
Page 11 and 12: 10 Ways to Become Financially Wiser
Page 13 and 14: Chapter Two: A Lifetime Money Plan
Page 15 and 16: children through college. The avera
Page 17 and 18: mortgage payments, no rent checks.
Page 19 and 20: you put in, so the government gives
Page 21 and 22: Chapter Three: Understanding Stocks
Page 23 and 24: innovative industries like computer
Page 25 and 26: countries that have yet to develop
Page 27 and 28: How Bonds Make (and Lose) Money Bon
Page 29 and 30: Buying Individual Bonds If you have
Page 31 and 32: ond funds. Your money won’t grow
Page 33 and 34: #2: The Types of Retirement Benefit
Page 35 and 36: Here’s a breakdown of when you ca
Page 37: your name, and your date of birth.
Page 41 and 42: Medicare Has Four Parts: A, B, “C
Page 43 and 44: You also have to pay a deductible a
Page 45 and 46: Note: It may be that you are inelig
Page 47 and 48: factor in the premium costs. Unlike
Page 49 and 50: WISER FACT SHEET 10 Questions to As
Page 51 and 52: Chapter Six: Where Will Your Retire
Page 53 and 54: Workers, employers or both can cont
Page 55 and 56: Jessica Jessica, age 38, is just di
Page 57 and 58: Chapter Seven: When the Unthinkable
Page 59 and 60: Visit the WISER (Women’s Institut
Page 61 and 62: Bank or credit card accounts: If a
Page 63 and 64: children, and survivor benefits for
Page 65 and 66: Biographies (By Order of Chapter) T
Page 67 and 68: By using actuarial science to contr
Page 69 and 70: Kansas City Regional Office 1100 Ma
Page 71 and 72: U.S. Department of Labor Women’s
Page 73 and 74: National Center on Women and Aging
Page 75 and 76: U.S. Social Security Administration
Page 77 and 78: Glossary of Terms Annuity: Provides

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