Spousal and survivor benefits are often worth hundreds of thousands of dollars for the non-working spouse, but worth far less if both spouses work.
In a new study, participants offered financial coaching had an average debt reduction of $10,644 more than those who were not offered services.
Coaching helps people across the income spectrum set goals and plan concrete steps to meet intermediate- and long-term financial goals.
A typical couple retiring today will receive about $1 million in cash and health benefits; many millennials will receive $2 million or more.
Lack of access to employer pensions contributes to the growing racial wealth gap