Social Security: Your (Clients’) Questions Answered
Baby boomers are retiring at a higher rate than ever. And they have questions. What if I retire now and claim Social Security later? Can I get a divorced-spouse benefit? If I take my widow’s benefit now and continue to work, will it be reduced? I have an adult disabled child; can my child get Social Security benefits? Will Social Security benefits be reduced in the future? These are some of the most common questions on clients’ minds and they offer an opportunity for advisors to educate their clients about Social Security in preparation for retirement. This session will cover some of the 18,000 questions that have come into the Horsesmouth Q-and-A forum over the last 12 years.
Elaine Floyd, CFP® is the director of retirement and life planning at Horsesmouth, a New York-based company that helps financial advisors develop business, advise clients and manage their practices.
She is the author of Savvy Social Security Planning for Boomers and Savvy Medicare Planning for Boomers, two comprehensive training programs designed to educate financial advisors on the important government benefits available to clients when they retire.
Floyd has given presentations on Social Security and Medicare for the Financial Planning Association, the AICPA and other industry groups. She has been quoted in The Wall Street Journal, the New York Times, U.S. News and World Report, Kiplinger's Retirement Report and USA Today.
She holds a bachelor’s degree in psychology from UCLA and currently resides in Bellingham, Washington.