Get More Out of Social Security Benefits with Redo Strategies
William Meyer and William Reichenstein, principals of Social Security Solutions, Inc., published their latest research on redo strategies for Social Security benefits in The Journal of Financial Planning.
LEAWOOD, Kan., June 19, 2016 /PRNewswire/ -- The latest research by the Social Security experts published in The Journal of Financial Planning illustrates several redo strategies available for financial professionals to use in cases where clients have claimed Social Security benefits sub-optimally.
In the article, "Redo Strategies: When Can You Redo a Prior Social Security Claiming Decision?" William Meyer, Founder and Managing Principal of Social Security Solutions, Inc., and William Reichenstein, PhD, CFA, and Research Principal of Social Security Solutions, Inc. discuss the one-time right to withdraw an application, the ability to suspend benefits at full retirement age and a redo strategy for disabled individuals.
"Our research shows that financial advisors still have several options for helping clients who have claimed sub-optimally even after the latest changes to Social Security," said Meyer. "Helping clients get the most out of their Social Security benefits is not only the right thing to do, it's also a business-building opportunity."
The Journal of Financial Planning is a scholarly publication that aims to provide thought-leading research and information for financial practitioners. The journal explores a wide range of topics within the financial umbrella including best practices, fiduciary responsibilities, and more.
About Social Security Solutions, Inc. Headquartered in Leawood, Kan., Social Security Solutions, Inc. (www.SocialSecuritySolutions.com) delivers advice and education about Social Security benefit claiming strategies to consumers and financial professionals. Social Security Solutions, Inc. leverages its expertise, research and technology to help individuals determine the best strategy for collecting benefits in line with their overall retirement goals.
About William Meyer Throughout his career, William Meyer has looked for new ways to deliver higher quality advice to people in retirement. He has a unique combination of experiences in leading the design and launch of innovative client centric services and products, as well as leveraging technology in service offerings.
Early in Meyer's career, he learned financial planning techniques for the affluent and has strived to apply those insights to all households regardless of wealth. He has a track record of successfully developing products and services in executive leadership roles at H&R Block, Advisor Software and Charles Schwab.
About William Reichenstein, PhD, CFA Dr. William Reichenstein, CFA, holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University. His recent work concentrates on the interaction between investments and taxes. He is the author of In the Presence of Taxes: Applications of After-Tax Asset Valuations (FPA Press, 2008), and coauthored with William Jennings Integrating Investments & the Tax Code (John Wiley & Sons, 2003).