June 6, 2019

Wives! Listen up! Read: Husbands ignore future widow's needs

"The amount of money a widow receives from Social Security can mean the difference between comfort and hardship."
"Husbands have a lot of control over how this will turn out. Each additional year they postpone collecting their own Social Security adds another 7.3 percent to the amount a future widow will receive every month from the program’s survivor benefit."
"But husbands can be a stubborn lot," according to research reported in the Squared Away Blog.
When researchers conducted an experiment with husbands they found that, regardless of how the information was presented, husbands failed to choose to delay their own SS benefits to improve financial security for their widows.
Read the blog post which contains a link to the research report: https://squaredawayblog.bc.edu/squared-away/husbands-ignore-future-widows-needs/

My comment: they probably aren't funding IRAs for their wives, either.

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