Nationally, 1 in 6 people receive a Social Security check. That’s 60 million people! Without Social Security, 50% of seniors would fall below the poverty line. Is Social Security a BIG DEAL in retirement? YOU BET! Bob Simpson has been with the local Social Security office for 31 years. During his career, the resounding theme has been PLAN! PLAN! PLAN! When most people look at their Social Security payout they say, What? How am I supposed to live on that? Bob’s response is, You’re not supposed to. It’s meant to supplement what you’ve already done to save and invest. He continues by saying, Everyone is an individual, there’s no one right plan for anyone. Dennis Prout and Shea Petaja discuss how Social Security impacts retirement planning and talks with Bob about 10 Social Security Tips you should know.

According to U.S. Census data, the majority of 18-34 year olds are living with their parents (31.5% to be exact).  Pew Research discovered that of those aged 25-34 living with parents, a "large majority say they're satisfied with their living arrangement (78%) and upbeat about their finances (77%)". Longevity, shifting job markets and delay in marriage have contributed to these statistics, and they aren't all bad, they're just different.  Somewhat unsettling is the dependence of adult children on their aging parents for financial support and housing.  Dennis Prout and Shea Petaja discuss an advisor's fiduciary responsibility in caring for clients and their long-term desires.  As clients age into retirement, they may face difficult challenges and be forced to face the relationships they have with their children.