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3. Whenever you take a job, always ask about their pension plan. Find out how long until you are eligible, vesting requirements, will employer contribute to and/or match your funds and if so, at what percentage rate?
4. Beware of taking Social Security early. Currently, retirement age for full benefits is 65, and earliest age at which one is eligible for benefits is 62. If you take your retirement benefits early, result is reduced benefits by as much as 30 percent for as long as you live. The eligibility age for full Social Security benefits has been revised from 65 to 67 years of age, to be phased in by year 2022.
Here are a few resources on Women and Social Security. Some sites represent different viewpoints. It is good to be aware of different opinions and to realize that more you can save for your own retirement, better off you will be regardless of what happens with Social Security System.
The Social Security Administration: To read about available programs and to order a statement of your estimated future benefits, call (800) 772-1213 or check out their web site at http://www.ssa.gov
Take a Social Security Quiz: http://www.women4socialsecurity.org/quiz.htm
Women's Social Security Issues: http://www.womensissues.about.com/newsissues/womensissues/library/weekly/aa0 42000a.htm
Social Security Privatization Article: http://www.socialsecurity.org/women.html
More Social Security Issues: http://www.cpr4womenandfamilies.org/ss2000.html
Doris Dobkins, Money Saving Expert Author of "Financial Freedom A-Z Home Study Course" and publisher of the free weekly ezine $mart Money New$ To subscribe, send an email by clicking on this link -> mailto:firstname.lastname@example.org or sign up at her web site: http://www.creativefinances.com