Blog | Social Security (2)

Social Security

When Should Your Clients Start Social Security Retirement Income Planning? (Psst: Right Now!)

on April 27, 2022 | By Katie Godbout, Vice President of Sales & Marketing

Social Security retirement income planning is vital for retired clients or clients nearing retirement, serving as a supplemental source of income that can provide numerous benefits. Whether your clients file as individuals or jointly, claiming Social Security benefits can be a complicated process, possibly significantly impacting their retirement income plan. Here’s where you play an essential role: helping your clients understand different scenarios and claiming strategies they may not know about.

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Social Security

Social Security Retirement Planning Concepts Every Advisor Should Know

on April 21, 2022 | By Lauren Laferla, Director of Communications

With millions of Americans entitled to Social Security retirement benefits, Social Security planning should be the cornerstone of any advisor’s retirement income planning practice. Your clients rely on your expertise to help them access maximum benefits over their lifetimes. Here are three crucial Social Security concepts you need to know to demonstrate the value of your advice.

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Marketing

Highlight Social Security Retirement Planning in Your Marketing this April

on April 5, 2022 | By Lauren Laferla, Director of Communications

April is National Social Security Month, and there’s no better time to demonstrate to clients and prospects the value of a smart Social Security claiming decision. While claiming Social Security may seem straightforward to many retirees, you know that additional benefits and income sources can make this process significantly more complicated. National Social Security Month is a great time to educate those nearing retirement about spousal benefits, taxable Social Security, the earnings test and more.

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Social Security

FinPlan Friday: Including Social Security Widow(er) Benefits in Your Retirement Income Planning

on April 1, 2022 | By Lauren Laferla, Director of Communications

Social Security Survivor Benefits Someone who was married to an individual covered under the Social Security system and is now deceased has a few options not available to living spouses or other people in the Social Security system. They can either claim their retirement benefit, or take a widow benefit. They can even take one and then switch over to the other later. It's critical to be aware of the unique rules surrounding Social Security widow(er) benefits to help your clients avoid costly claiming mistakes.

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Social Security

Webinar: Social Security Retirement Planning in 2022

on February 15, 2022 | By Lauren Laferla, Director of Communications

Funding the Social Security Program As we get closer and closer to the funding depletion dates outlined in the most recent Social Security Trustees report, there are a variety of proposals to shore up the system. However, the impact of those changes won't be uniform. Changes to the system will impact every retiree differently depending on their unique situation, so the role of financial advisors will be more critical than ever. Advisors can help clients understand how changes are likely to impact them specifically and determine the best time to claim.

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Social Security

FinPlan Friday: Tax Rates

on February 4, 2022 | By Lauren Laferla, Director of Communications

Tax Strategies for Retirement Income To help a client meet their goals , financial advisors need to know how taxes could impact the client's retirement income strategy. Marginal tax rates, effective tax rates, and effective marginal tax rates all play a role in determining how much of your client's retirement income will stay in their pocket and how much will need to be paid in taxes. Learn more about different tax rates in this month's FinPlan Friday conversation with Joe.

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Social Security

FinPlan Friday: Which Account, When?

on January 7, 2022 | By Lauren Laferla, Director of Communications

Retirement Income Planning for Multiple Income Streams Many retirees want a simple retirement plan, however, they have multiple avenues for funding their retirement: Social Security, 401(k)s, annuities, life insurance, and more. However, understanding the different types of retirement income and how they interact can be confusing for the average consumer. Learn how to help clients determine which account to use and when in this month's FinPlan Friday conversation with Joe.

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Marketing

Help Clients Calculate Provisional Income and See How Social Security May Be Taxed

on December 13, 2021 | By Katie Godbout, Vice President of Sales & Marketing

There are many different aspects of creating an effective retirement strategy for clients. While this process may take time and effort, it can help improve your clients’ overall retirement income strategy, from lowering the total amount of taxes owed to determining when to start taking Social Security benefits. Helping clients calculate their provisional incomes can help them understand how their Social Security benefits will be taxed.

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