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current social security news

Nov 23, 2016 - Why Social Security is Crucial to Women, by Mary Beth Franklin

 


Articles and White Papers

1.       Women and Social Security Income Planning The Emerging Opportunity For Niche Financial Advisory Stewardship Life & Health Advisor Magazine; It is more important than ever for women to obtain good financial planning advice as their wealth and financial power increases. Additionally, just as important for women reaching retirement age is the consequence of a smart Social Security election decision on her lifetime income. This dual financial service need has created a win-win opportunity for advisors and women.

 

2.       Social Security Planning: An Essential Element in Attracting Female Clients; BrightTALK Webinar, Thought Leadership for Financial Advisors Channel; It is more important than ever for women to obtain good financial planning advice as their wealth and financial power increases. Additionally, just as important for women reaching retirement age is the consequence of a smart Social Security election decision on her lifetime income. This dual financial service need has created a win-win opportunity for advisors and women.

 

3.       Social Security Insecurity: How Advisors Can Help; Life Health Pro Magazine; “They (Social Security Administration) can give you the general information, and there’s a tremendous amount of it on their website,” Shedden says. “But they can’t deal with these hundreds and hundreds of different math equations that focus on one particular couple or a person. Each one is unique. There are different ages; there are different primary insurance amounts; they have different life expectancies; there’s a different relationship between a couple’s ages and their primary insurance and all that is what is just unique to each case.”

 

4.       Understanding the SSA ‘Suspend & Restart’ Rule; ‘Super Size’ your client’s Social Security Income; Life & Health Advisor Magazine; Understanding how the Social Security Suspend and Restart Rule works can open doors for advisors to a large new pool of prospects while significantly increasing and adding value to their existing client base. Many – actually over 50% – of retirees claim their Social Security at early age 62, as soon as they are able to. Many of these early claimants may later regret the decision and wish they could make a different choice.

 

5.       Stripped Down Social SecurityREP Magazine; An interview by Lauren Barack on the value of online sites and apps that help make Social Security calculations simpler.

 

6.       3 Social Security Income Tax Myths...and how advisors can dispel them for their clients; Life & Health Advisor Magazine;  More and more retirees are having their net “take-home” retirement income eroded due to taxation of their Social Security income benefit. Many retirees are unaware that up to 85% of Social Security income can be taxed.  Furthermore, they may not even be aware that they can have significant control over reducing, or even all together eliminating, this taxation of their retirement income stream. However, with some advance planning, a considerable segment of retirees receiving their Social Security income may be able to reduce, or even eliminate, the taxation of their Social Security benefit.