Three Steps for Women to Secure Their Financial FutureReading Time: 2 Minutes
Last Updated: November 3, 2023
At Social Security, we know that preparedness is the key to a secured financial future. The steps you take today will shape your life when you’re no longer working. For women, it’s especially important to be ready when retirement comes knocking.
In 2014, the Census Bureau reported that women usually earn 79 cents for every dollar earned by men. In addition to this wide pay gap, women are also shown to have less saved for retirement than their male counterparts. Pair these statistics with women living longer and it drives home an urgency message. Your preparation for the future must begin today.
Social Security is here to help with benefits, information, and tools to help you secure today and tomorrow. Here’s how you get started:
- Sign up for a my Social Security A personal, my Social Security account is the portal to your retirement. You can review your earnings, get your Social Security Statement to see how much you’re slated to get as retirement, disability, and Medicare benefits. Go to socialsecurity.gov, click on Sign in/Up, and follow the steps to create your secure account. It’s easy!
- Visit our Retirement Estimator to get a projected snapshot of what your retirement future looks like based on your actual Social Security earnings record. You can plug in some basic information to get an instant, personalized estimate of your future benefits.
- If you don’t have a retirement account, consider signing up for the U.S. Treasury Department’s myRA. It’s a simple, safe, and affordable starter retirement account that helps Americans without access to employer-based retirement plans save for their financial future. It’s free to open an account, there are no annual fees, and myRA carries no risk of losing money. With myRA, you can fund your account via payroll deduction, or from your checking or savings account. Visit gov to get started today.
Social Security wants every woman to have control of her financial future. Follow these simple steps today and you’ll be well on your way.
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