Women & Social Security
Scott Higgins AIF? CFP? CPFA
Retirement Plan Advisor @ Rose Street Advisors | AIF? CFP? CPFA
Almost Nine Out of Ten Women Qualify for Social Security on Their Own
Because of a long-term rise in the employment rate for women of all ages, the percentage of women ages 62 to 64 who are fully insured for Social Security retirement benefits based on their own work records has increased significantly since 1980.
To qualify for Social Security benefits, people must work in jobs where they pay Social Security taxes and earn Social Security credits (one per quarter, up to four per year). Most people need 40 credits (the equivalent of 10 years of work) to become fully insured for Social Security retirement benefits.
Source: Social Security Administration, 2020
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This material is intended for informational purposes and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, tax adviser, or plan provider.