According to the Social Security Administration, nearly nine out of ten individuals age 65 or older receive Social Security benefits. Among elderly Social Security beneficiaries, 52% of married couples and 74% of unmarried persons receive 50% or more of their income from Social Security.1
Your clients may be planning, or even rethinking, the appropriate time to retire. Part of that decision is making the choice to maximize Social Security retirement benefits and the need for additional sources of income during retirement. You can help clients create a retirement income strategy that best fits their needs.
1SSA Press Office. "Fact Sheet: Social Security." www.socialsecurity.gov, April 2, 2014.