SOCIAL SECURITY

Incorporate Social Security to grow

Retiring clients fear outliving their savings. Having a strategy around Social Security can help. While many clients default to collecting at age 62, there are many other options to consider. The rules are complex, but even knowing the basics can help you maximize client benefits.

Why discuss

  • 01

    Boost client loyalty

    Demonstrate the value you bring by helping clients determine the right collection strategy.

  • 02

    Increase client referrals

    Clients tell their friends about Social Security tips and who shared them.

  • 03

    Grow COI network

    Help your center of influence partners (e.g., CPAs, lawyers) answer their clients’ questions to boost referrals.

Tailor conversations to client situations

Never married
Focus on the tradeoff of smaller benefits earlier compared to larger benefits later.
Married
Pay attention to spousal and survivor benefits. Collection decisions should be made jointly.
Divorced
Divorcees who are not remarried may be eligible for spousal or survivor benefits from marriages that lasted at least 10 years.
Children
Children under the age of 18 or adult children who are disabled may be entitled to benefits.

Share Social Security resources with clients

Client brochure
Help your clients understand the fundamentals to make the best decision for their circumstances
Frequently asked questions
Clients often ask similar questions about benefits and acronyms. Use our frequently asked questions to provide the guidance and answers your clients need.
Quick reference guide
Share this “cheat sheet” of the important rules and time frames to help your clients make more educated decisions around collecting benefits.

Supplement Social Security income

A coin
Seek consistent income for your clients
The BlackRock Income Fund invests in a diversified set of global bond opportunities in search of high and steady income.
Commodity bars
Take a scaled approach to income
The BlackRock Multi-Asset Income Model Portfolios seek income across the full risk spectrum.

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