From NPR News
The first thing to realize about financial advice is that it’s not free — and it often costs more than you think. That’s what Morra Aarons-Mele found when she decided to find a financial adviser after she inherited an IRA from her father.
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Social Security has more than its share of critics, but over the years it has managed, at least, to provide a special cushion for some women.
Because women in the past were less likely to work and tended to accumulate less in Social Security benefits, married women have disproportionately benefited from the spousal benefit, which entitles them to as much as half of their partner’s Social Security benefit. And because women tend to outlive men, they are more likely than their husbands to receive Social Security survivors benefits.
But that gender gap is closing, according to recently published research from the Center for Retirement Research at Boston College.
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