A key, but often-overlooked element to successful retirement planning is a sound social security claiming strategy. Unfortunately, it is often assumed that retirees will claim early, at age 62, or at full retirement age (typically age 66). Without proper guidance, many retirees are unaware that there are other options—options that are not explored simply because there is no one there to guide them.
Retirees, and even most experienced financial professionals, are challenged by the complexity of the US Social Security System. And with two popular social security claiming strategies coming to an end, File and Suspend and Restricted Application, it can seem like its only gotten worse.
However, these recent changes are simply new challenges in an already complex system. There are still many claiming strategies left on the table and retirees need financial advisors who understand the ins and outs of an ever-changing Social Security system.
Bigger Social Security Benefits
Social security expert and award-winning author Brian Doherty is on a mission to fix this knowledge gap. He has developed a simple methodology that can help financial planners aid the 75 million American retirees to make better choices in this critical area of retirement planning: Social Security Claiming Strategies.
Financial advisors need to understand the financial advantages to delaying (note: it's still all about getting to age 70) and the many misconceptions that drive people to claim before age 70.
Brian has partnered with sageCrowd to deliver a comprehensive online training tool for financial advisors that can easily adapt to training needs. His course, Getting Paid to Wait, cuts through the complexity of social security. SageCrowd's Getting Paid to Wait course will help organizations in the financial sector add value to their advisory services by expanding their understanding of the various claiming options, so clients are better informed when making their claiming decision.