The French have an expression: “Plus ça change, plus c’est la même chose.” The more things change, the more they stay the same. That may well be the most accurate description of the outcome of the 2012 national elections. Entering election night, Barack Obama was President, the Democrats controlled the Senate and the Republicans controlled the House. The morning after the election, nothing changed except the shift of a few seats. If the voters were tired of the status quo, if they wanted to blow up gridlock and if they thought Congress was as despicable as all of the polls indicated, they sure didn’t act on those emotions.
Regardless of whether you’re a man or a woman, Social Security will not— and was never designed to — provide all of the income you’ll need to live comfortably during retirement.
At best, your income from Social Security will supplement your other sources.
If you are factoring Social Security into your retirement plan, you should learn all you can about how to enhance your benefits, and how much income you may need from other sources, to be financially comfortable during your retirement years.
For women, however, there are some unique factors to consider in the equation.