Intelligence

Guiding your clients’ Social Security choices in 2017 and beyond

Reporter: David LaMartina

Publication: ThinkAdvisor

Contact: iq@fullyvested.com

Deadline: Apr 11, 2017 7:00 pm

This story will be featured in a new, retirement-focused section of Nationwide’s ThinkAdvisor website. The new section will be similar in content to the previously featured Retirement Wire:
http://www.thinkadvisor.com/sponsored/retirement-wire/. President Trump has promised to leave Social Security as-is, yet cuts are scheduled for everyone currently under the age of 62. What’s more, the Social Security Trustees Report says that only 79 percent of promised benefits can be paid by 2034. How will these potential cuts affect your retiring clients’ portfolios? Do you need to re-think their strategies in light of recent political changes? Which government promises can clients depend on moving forward? While the focus of this piece will be on the retiring Baby Boomer generation, we might also discuss current legislative implications on younger generations’ Social Security benefits. Should Gen-Xers and Millennials depend on collecting Social Security at all? Does the answer matter one way or another, given that they still have decades to work and save? Requirements: I’d like to interview one or two financial advisors who specialize in retirement planning, who are well-versed in Social Security, and who are up to speed on the political climate’s potential effects on retirees.

Read Article: http://www.thinkadvisor.com/