PLANADVISER Magazine recapped Covisum's recent Q&A on the 2022 Social Security Trustees Report. In the webinar, Covisum Founder and President Joe Elsasser, CFP®, answered questions about the report's findings and offered suggestions on how advisors can use the report in their Social Security planning.
"I don’t think anyone has put the idea that Social Security is not on sound financial footing completely out of their mind. In fact, it is still the central question for people who are making the retirement decision today. However, I do think it is important for advisers to communicate that some changes will have to happen. Hopefully, it is not forced change. Hopefully, it is intentional change."