Intelligence

The Role of Social Security in Your Clients’ Portfolios

According to Nationwide surveys, most retirees and pre-retirees expect Social Security to cover half of their expenses in retirement. Is this a reasonable expectation for most clients? What role should Social Security play in clients’ portfolios, and how should its collection should be coordinated with the use of other assets and income streams? Should the growing concerns over benefits cuts factor into clients’ decisions as they work, wrap up their careers and plan their retirement income? Overall, I would like for this piece to offer advice from experienced advisors regarding the ideal role of Social Security in a retirement portfolio. I might also segment advice based on the clientele – people already collecting Social Security, people who will collect in the next few years, and clients who have a decade or more of working and saving left to do. This story will be featured in a retirement-focused section of Nationwide’s ThinkAdvisor website called Retirement Wire: http://www.thinkadvisor.com/sponsored/retirement-wire/?slreturn=1498083954. This round of stories for August and September will focus on Social Security. Requirements: I would like to speak with financial advisors well-versed in Social Security.