New York Life Annuities
Social Security Resources
Our Social Security resource center offers tools and guidance to help you support your clients through a smooth and informed transition into retirement.
- Ask the Expert
- The Social Security Annuity
- Retirement Questionnaire
- Is Social Security Going Broke?
Ask the Expert: Demystifying Social Security
Featuring industry expert Brian Doherty
Unlock practical insights to elevate your client conversations around Social Security. This expert-led session is designed to help financial professionals deliver more value, build confidence, and support clients at every life stage.
How This Helps You:
Deliver More Value
Learn strategies that may help uncover opportunities to increase your clients’ monthly Social Security income.Build Confidence in Your Guidance
Discover how to clearly explain the long-term advantages of delaying benefits.Support Every Client’s Story
Gain actionable insights for married, divorced, or widowed clients, ensuring you can provide tailored guidance that fits their life stage.
By watching, you’ll walk away with strategies that strengthen your client relationships and reinforce your role as a trusted retirement resource.
The Social Security Annuity
In this episode, Michael Finke is joined by Social Security experts Andrew Biggs and Jason Fichtner to explore how Social Security functions as the nation’s foundational annuity. Like commercial annuities, it offers guaranteed lifetime income with inflation protection, making it a cornerstone of retirement planning. The discussion highlights the value of delayed claiming, the progressive nature of benefits, and why traditional break-even analysis falls short. Advisors are encouraged to view Social Security as a powerful tool for longevity protection and portfolio stability.
Key Takeaways
- Claiming Later Pays More: Waiting until age 70 can boost monthly benefits by 77%, offering stronger protection against longevity risk.
- Social Insurance Advantage: Benefits are progressive and based on lifetime earnings, with higher replacement rates for lower-income individuals.
- Beyond Break-Even: Delayed claiming should be seen as risk mitigation, not just a financial calculation.
- Portfolio Stability: Social Security acts like the bond portion of a portfolio—providing inflation-adjusted, guaranteed income for life.
Retirement Income Asset Allocation Questionnaire
Use this questionnaire to help uncover your clients’ retirement income needs.
Is Social Security Going Broke?
Simply put, too many people depend on Social Security, either entirely or critically, for it to be allowed to fail.