March is Women's History Month and Social Security says there are some things women specifically should consider when it comes to their benefits.

One of the biggest financial fears people face in retirement is running out of money. Jack Myers at Social Security says due to longer life expectancies than men, women are at greater risk of this. 

Good retirement planning is important for everyone, but arguably even more important for women. Myers indicates the longer average life expectancy for women increases their likelihood of exhausting other sources of retirement income, making the inflation-protected Social Security benefit even more important.

We also have great publications called “What Every Woman Should Know” and “Survivors Benefits”.  You can find them at www.ssa.gov/pubs.

Myers reminds it is never too early to start your retirement planning. He stresses Social Security was never meant to be your sole source of income in your retirement years so you must consider setting money aside and saving for retirement independent of Social Security.