The past couple of years, COVID-19 has many people thinking more about their own mortality, leading many to take steps to plan to protect their loved ones.
A report released in 2020 by the National Institute on Retirement Security (NIRS) finds that across all age groups women have substantially less income in retirement than men (National Institute on Retirement Security, NIRS 2020).
You may not be aware, but everyone is eligible for Medicare at age 65, even when the normal retirement age for Social Security benefits is later. We recommend anyone turning age 65 contact the Social Security Administration (www.ssa.gov or 1.800.772.1213) three months before the month of their 65th birthday.