Nationwide: Most Clients of Financial Advisors Still Not Receiving Social Security Advice

Jun 30, 2016 / Michael Natalie, Horsesmouth Assistant Editor

A recent survey of retirees and pre-retirees found that only 52% of respondents had received Social Security advice for their financial advisors. In other words, half of advisor clients still are not getting this advice.

This is, suffice to say, a potentially disastrous oversight. The Nationwide survey gives four major reasons why:

  1. Advisors risk losing clients if they fail to include Social Security in their clients’ financial plans.
  2. Many clients are uninformed about Social Security.
  3. Many clients take Social Security earlier than they should.
  4. Advisors can make all the difference.

As Savvy advisors, it will fall to you to help your clients navigate around the many Social Security pitfalls.

 

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