Covisum Blog

With the latest advances in technology, it’s easy for clients to become overwhelmed by a flood of information that may or may not be accurate. Inaccurate information about the Social Security program is especially rampant. The most common misconception of course, is that the program is going to run out of money, leaving seniors high and dry. This alarming information drives many retirees to consider taking their Social Security as soon as they are eligible, despite the fact that it’s often completely at odds with their best interest. As a financial advisor, you can help educate your clients and guide them in their Social Security planning to make the best decisions for their specific situation.

A recent CNBC survey found that women are more likely than men to rely on their partner when it comes to finances. Thirty-two percent of female respondents cite their spouse as their financial role model. This can cause significant issues for them in the long-run.