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1.
At age 65 and older, a single woman is at more risk of living in poverty than a married woman is.
True. Married women are less likely to live in poverty.
2.
Why do retirees need life insurance?
Most retirees don't need life insurance, except perhaps to cover burial costs. If their children are adults, if no one would suffer financially by their death, and if there are assets available to bury them, retirees don't need life insurance.
3.
The "gender gap" is _______.
The difference between what a man and a woman are paid. On the whole, women earn less than men.
4.
Townhomes and condos differ because _______.
Condo owners do not own any land. This is important because it can mean a significant difference in property taxes.
5.
If you retiree at full retirement age and continue to work, how much is cut from your retirement benefit?
Nothing is cut from your retirement benefit, starting with the month you reach full retirement age. If you retire early, one dollar is cut from every two over the limit if you retire early.