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February 10, 2010, Cover Stories

Easing a Widow’s Hardship

By Kerry Pechter   Wed, Feb 10, 2010

What's the best way for a 62-year-old man to say “I love you” to his wife? By waiting to claim Social Security benefits until he reaches full retirement age or later. Here's our third article in a series on retirement risks.

In this third installment of Retirement Income Journal's series on financial risks in retirement, we'll focus on aging and gender. As Rappaport and others have pointed out, there are ways to help widows. But couples may have to work longer and/or change their Social Security claiming behavior. And success will depend largely on early and comprehensive personal financial planning.


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