Confused. Confounded. Exasperated.

These are the words most commonly used by pre-retirees when they start trying to understand and untangle the very complicated Social Security program.  It is astounding that some 75% of all Social Security beneficiaries do not receive their optimal monthly payment.  Instead, they claim too early, locking in a permanent, significant penalty and receiving reduced income for the rest of their lives.

Helping people navigate this most important retirement income resource is no easy task.  But, long-time RIIA® member and RMA® holder, Marcia Mantell, owner of Mantell Retirement Consulting, Inc., is working to get the word out.  She recently teamed up with Fidelity Investments on a webcast to help explain the ins and outs of Social Security – and to get across why it’s so important to learn the facts well before pushing that button to enroll.

Click here to read a summary or watch the webcast replay.

Social Security income is a critical component to most everyone’s retirement income plan.  It’s a key element in the RIIA Household Balance Sheet℠.  Financial advisors could add tremendous value by helping their clients make better decisions about when to claim their benefit and explain the importance of waiting until FRA (full retirement age) or later to claim.

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