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These articles contain tax and planning techniques that should be reviewed by your personal tax adviser to determine if they are appropriate for your particular situation and comply with local law. We are unable to render legal or tax advice to individuals.


Social Security is Not Gender Specific

Social Security does not differentiate between males and females. That means: A man or a woman with the same wages are addressed the same way as far as benefits are concerned. There is no gender separation, everyone gets the same benefit regardless of life expectancy.


Females that have low wage earnings take in more benefits in relation to preceding pay than do high wage earners. The social security system gives back an outstanding percentage of pre retirement earnings to a lower wage worker than to a higher percentage worker.

Wages Earned

For a Female that worked full time in 2004, the average earnings, year round were $30,000. That is in comparison with males at $40,000. The average social security yearly income received by females who are 65 and older was $9,408. That is in comparison with males at $12,381.


Of all elderly single women obtaining social security benefits 46% relied on social security for at least 90 percent or more of their income in 2004. Females, who are single, widowed, or who are 65 or older, social security compromises 53% of their entire income. Social security benefits only compromise 38% of a single elderly male’s income and only 33% of an elderly couples income. Just 21 percent of unmarried females who are aged 65 or older were obtaining their own private pensions in comparison to only 28% of unmarried males in 2002. Older females with out much doubt are less likely than an older male to have substantial income from pensions other than social security. Taking part in employer sponsored retirement plans is expanding for females in the work force today. Only 53% of males joined in an employer sponsored plan compared to 54% of females who were employed full time in 2004. Because of their comparatively lower net income, females usually receive lower pension benefits.

Age Difference Between a Man and a Woman

For a female who is almost age 65 in 2005 they are expected to live on average and additional 20 years in comparison to males at 17 years. Of all social security beneficiaries ages 62 and older and just about 70% of beneficiaries ages 85 and older females make up 58% of the beneficiaries. Social security benefits are well balanced yearly due to inflation so females benefit from social security’s cost of living protections. Females usually have a longer life expectancy than males do. An older female usually spends more of their life in retirement and has a greater chance of draining other sources of their income.
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