Insights | 11.10.21
Advisors Who Maximize Social Security Benefits Keep Their Clients
A 2020 survey by Nationwide Retirement Institute found 74% of retirees would switch their financial advisors to maximize their Social Security, and Allianz Life Insurance Company of North America's Aimee Johnson says advisors that deliver this benefit thoroughly and early stand the best chance of retaining clients. She recommends advisors collect accurate information, calculate benefits, analyze timing of benefits, weigh how receiving benefits might affect other client assets and conduct a full income assessment. Only after all this data is reviewed with the client can the best decision about when and how to receive Social Security be made.
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