Help Your Clients Explore their Social Security Options
Help your clients take steps toward a comfortable retirement
Our Social Security Action Planner offers valuable education, insights and action steps to help your clients better understand their options and how they might integrate their Social Security benefits with other sources of income.
Did you know?
- On average, Social Security will replace only 41% of annual pre-retirement earnings for a medium wage-earner retiring in 2025.1
- $395K is the estimated savings needed for a 65-year-old couple retiring in 2024 to cover remaining lifetime healthcare costs.2
- 37% of retirees “unretired” in 2023 to increase income to cover essential expenses.3
While Social Security may be a major source of income in retirement, life insurance can help bridge possible income gaps through access to flexible, tax-advantage money from policies.4
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1 2024 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds. Note: For the scaled medium earner, the career-average earnings level is about equal to the average wage index, estimated to be $68,793 for 2024.
2 Milliman, “Retiree Health Cost Index: The 2024 cost of healthcare in retirement.” May 2024.
3 Fidelity Investments, “2024 State of Retirement Planning Report.”
4 Certain distributions may be taxable. You should consult your personal tax advisor to assess the impact of the benefits on your personal circumstances.