Hi, I'm Stuart Ritter, Certified Financial Planner® professional and Insights Director at T. Rowe Price.
We all know that Social Security planning is complicated, and in today's world, clients need and expect guidance on this important source of retirement income.
Over the next few minutes, we're going to talk about a powerful tool now available for advisors at T. Rowe Price, SSAnalyzer.
To tell us all about it, I'm joined by Lisa Harris, Senior Program Manager of Retiree Inc. and Social Security expert.
Lisa has partnered with thousands of advisors to bring the SSAnalyzer to life for their practices. Welcome, Lisa.
Thank you, Stuart. I'm excited to be here.
Lisa, what can you tell us about this exciting new tool and, most importantly, how it benefits advisors?
Well, for more than 10 years, thousands of firms have used SSAnalyzer to serve their clients, and it is now available at no additional cost through T. Rowe Price.
SSAnalyzer is the industry-leading tool for optimizing Social Security claiming strategies.
And like you said, Stuart, clients today expect this.
So help your clients feel confident about their Social Security decision and what is one of the most stressful and important retirement decisions.
This tool will do the hard work for you figuring out how to apply all of the Social Security rules to your client's specific situation and allowing you to perform an intricate analysis just at your fingertips, create highly customized strategies, and the end result: Your clients will make the most of their Social Security benefits, whatever their personal situation.
SSAnalyzer helps you to generate favorable claiming strategies personalized to your client's unique circumstances with only a few simple client inputs and features you won't find in other tools, such as unlimited custom strategies, including complex scenarios. For example, perhaps you have a client working into their 60s, a client who is widowed, divorced, or has minor dependents, or maybe all three. SSAnalyzer can handle it all.
It even provides the ability to evaluate spending needs against Social Security income as a gap analysis, showing a client how much of their spending can be fulfilled by their Social Security income and how much they're still going to need from savings or other retirement sources to completely fulfill those goals.
You can view lifetime, annual, and monthly income and even compare two strategies side by side to help clients understand the potential benefits and the potential trade-offs.
You can evaluate longevity risk with several life expectancy outlooks and even analyze the impact of taxes, COLA, and inflation.
And another valuable feature: You can save client data and easily create client-ready reports to help build their confidence in their Social Security claiming decision and in you. Our research-backed software gives you confidence in the accuracy of the details partnered with a simple workflow for easy usability.
The SSAnalyzer's powerful engine can help you beat standard industry results and includes more details than any of the other free tools on the market today.
Why not let technology make you the expert?
And don't forget, Social Security is a great entry into retirement planning and services.
So, if you are looking for a reason to engage your clients, Social Security is the perfect opportunity and a true differentiator. And SSAnalyzer can help.
Contact T. Rowe Price today to learn more.
