Social Security

Instead of buying one expensive car after another, clients should invest the money and let it grow. They may even be able to retire early.

Benefits are not capped at a predetermined level. They are based on two variables: a client’s highest earnings over 35 years and their age when they file for benefits.

Benefits are not capped at a predetermined level. They are based on two variables: a client’s highest earnings over 35 years and their age when they file for benefits.

Many fear that they will feel alienated and irrelevant after they retire, become a burden to their families, or their surviving spouse will go on retirement alone.

Many fear that they will feel alienated and irrelevant after they retire, become a burden to their families, or their surviving spouse will go on retirement alone.

To really come out ahead from delaying Social Security, a client has to live into their 80s. Otherwise, they're generally better off taking a reduced benefit earlier and collecting as long as they live.

To really come out ahead from delaying Social Security, a client has to live into their 80s. Otherwise, they're generally better off taking a reduced benefit earlier and collecting as long as they live.

The odds that your clients will one day stay in an assisted living home increases 1.4% per year, starting at age 65.

The odds that your clients will one day stay in an assisted living home increases 1.4% per year, starting at age 65.

Proceeds from selling their current home can be augmented with a "reverse mortgage for purchase," which doesn't have to be repaid until they sell, move out or pass away.

Proceeds from selling their current home can be augmented with a "reverse mortgage for purchase," which doesn't have to be repaid until they sell, move out or pass away.

Preferred stocks are good candidates for retirees' investment portfolio as they provide regular income that is greater than the interest payments from a corporate bond.

Preferred stocks are good candidates for retirees' investment portfolio as they provide regular income that is greater than the interest payments from a corporate bond.

Investors are better off having target-date funds than balanced funds as TDFs provide broader diversification and focus on minimizing risk.

Investors are better off having target-date funds than balanced funds as TDFs provide broader diversification and focus on minimizing risk.

Many people have the misconception that Social Security will become insolvent over the next 20 years.

Many people have the misconception that Social Security will become insolvent over the next 20 years.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

As has been well-documented, the federal program is in danger. So what kinds of changes will be required to keep these benefits afloat?