Financial Advisors Prepare to Facilitate Conversations with Clients on Social Security
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) and the National Retirement Planning Coalition today hosted a webinar for financial advisors featuring staff members from the Social Security Administration. The webinar, presented as part of National Retirement Planning Week®, was intended to help advisors facilitate conversations with their clients about the program and to help them understand their Social Security benefits and claiming options.
“Social Security will factor into almost every American’s retirement income plan,” said Cathy Weatherford, IRI President and CEO. “Americans need to understand how Social Security fits within their holistic retirement plans and make informed decisions regarding their benefits. Our research shows that working with a financial advisor can help Americans regain their confidence regarding their retirement plans, and so those who are unsure about how Social Security works or how it will fit into their financial future, should consult an advisor.”
IRI and the National Retirement Planning Coalition have designated Social Security as the April theme for its six-month national campaign, a newly announced effort to expand on the success of National Retirement Planning Week® by focusing on retirement planning concepts each month. To help consumers understand Social Security basics, the coalition has released a new factsheet. It is available, along with the latest retirement planning tools and resources, at www.RetireOnYourTerms.org.
To access the Social Security factsheet, click HERE.
About National Retirement Planning Week® 2013
National Retirement Planning Week® 2013 will take place from April 8 to 12. National Retirement Planning Week® and other coalition activities demonstrate that it is possible to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed. To support these education efforts, the coalition has collected the latest resources to help consumers and financial professionals focus on long-term financial goals. These tools are available year-round at the newly redesigned and enhanced website: www.retireonyourterms.org.
About the National Retirement Planning Coalition
The National Retirement Planning Coalition recognizes that the need to educate Americans on retirement planning is an ongoing effort and is committed to making this a national priority. The coalition is led by the Insured Retirement Institute (IRI), and its partners include: America Saves; American Benefits Council; American Council of Life Insurers (ACLI); American Institute of Certified Public Accountants; American Savings Education Council (ASEC); Americans for Secure Retirement (ASR); Association for Financial Counseling, Planning, Education; Center for Retirement Research at Boston College; CFA Institute; Defined Contribution Institutional Investment Association (DCIIA); Employee Benefit Research Institute (EBRI); Federal Citizen Information Center (FCIC) of the U.S. General Services Administration; Financial Services Institute (FSI); Financial Services Roundtable (FSR); Financial Industry Regulatory Authority (FINRA) Investor Education Foundation; Jump$tart Coalition; National Association for Fixed Annuities (NAFA); National Endowment for Financial Education; NICSA; The American College; The Aspen Institute; Women’s Institute for a Secure Retirement (WISER); and WorldatWork.
About the Insured Retirement Institute
The Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry. Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: Our members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.