Strategic Social Security Calculator Helps Advisors Maximize Benefits

Meet Andrew J. Jaramillo, CLU®, ChFC®, CLTC, a fireball at age 74. Advisor Andrew JaramilloAndrew has been a financial advisor for over fifty years. After retiring from New York Life, Jaramillo became an independent advisor with PlanMember, where he primarily works with superintendents and educators in southern California. He is also a member of Million Dollar Round Table’s Top of the Table. His goal is to help clients continue to receive at least 100% of their income throughout retirement.

Given his clients’ multiple pension incomes, Jaramillo uses TRAK’s Strategic Social Security calculator. “The Strategic Social Security Calculator has been dynamite. I use it mostly with educators,” he says. “They’re surprisingly unaware of their retirement benefits.”

TRAK’s Strategic Social Security Calculator Opens Clients’ Eyes

Jaramillo uses the Strategic Social Security calculator in his seminars to educate audiences about the variables involved when making decisions about Social Security. “I’ve done seminars with 25-50 people,” he explains. “TRAK’s Social Security calculator opens clients’ eyes to different scenarios based on different ages and whether there is a spouse.” With the Strategic Social Security calculator, advisors can easily educate clients about their options. “The Social Security calculator can present many potential scenarios,” Jaramillo explains. “The calculator breaks down the three top options: retire at age 62, retire at the full retirement age, or wait until age 70. And it’s visually easy to understand.”

TRAK’s Gap Analysis Helps Maximize Benefits

With the Gap Analysis calculator, advisors maximize their clients’ benefits by planning for inflation, long-term care costs, survivor benefits, and the client’s desire to leave a legacy. “I recently heard a story about a teacher who lost not only her husband, but also $30,000 of income per year,” he explains. “Had she understood the pension benefits, she would have bought life insurance to replace that income.”

Why Andrew Jaramillo Recommends TRAK

“I absolutely recommend TRAK. Anyone who’s not using it isn’t an advisor, but merely a salesperson,” says Jaramillo.

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