Emily Hoffman

Emily is the Director of Product Management at LifeYield. She's our product expert and frequently writes about how our new product features and enhancements help our customers.

Recent Posts

How LifeYield Found the Johnson’s an Extra $100,000 in Social Security Benefits

4/22/20 11:36 AM / by Emily Hoffman posted in Social Security

0 Comments

Social Security is far more complex than many people realize, and this complexity can make the decision regarding when to claim Social Security benefits a daunting one.

There are many options to consider around timing, as well as, how to file for benefits, and how to choose between these options, which can lead to a significant difference in Social Security income over an individual’s or a couple’s lifetime. In addition to the many possibilities, people have their own worries, such as time they took away from the workforce or their spouse’s life expectancy.

Advisors can help their clients overcome these worries and navigate through filing options to determine the ideal age to claim Social Security benefits and maximize their income.

Read More

Filing for Social Security Isn’t Always an Individual Process

4/16/20 10:34 AM / by Emily Hoffman posted in Social Security

0 Comments

Do you have clients that are married? If you answered yes, you need to help them coordinate their Social Security strategies in order to maximize their combined benefits. Couples who file in a coordinated fashion get more Social Security income than when they file individually.

One element every advisor can add to their offerings is Social Security advice. Setting clients up to maximize their Social Security benefits in combination with the income they’ll receive from their other investments puts them in a more comfortable financial position during retirement.

Read More

Are your clients ready for their Social Security Administration visit?

4/8/20 12:35 PM / by Emily Hoffman posted in Social Security

0 Comments

If you ask 10 different people about their experience with the Social Security Administration (SSA), you’ll get 10 different answers.

The truth is, there is no one typical experience. Each claimant’s experience depends on the representative they interact with and how well versed that person is on the benefits.

Typically the SSA provides general advice, not advice that would maximize the claimant’s benefit. They do not offer any guidance regarding strategies for maximizing couples’ filings. In fact, retirees don’t exactly know how much they will actually receive until they file—up to that point all of the numbers are estimates.

Read More

How advisors can battle consumer misconceptions around Social Security

2/19/20 1:28 PM / by Emily Hoffman posted in Social Security

0 Comments

When an individual makes an appointment with the Social Security Administration, they often believe that the representative will be able to instruct them on how best to file and maximize their monthly benefit. In actuality, the representative is legally prohibited from giving any advice on how someone should file for their Social Security benefit, which could affect approximately 50-90% of their retirement paycheck.

Read More

Four major enhancements to the LifeYield Advantage Suite®

12/13/19 12:07 PM / by Emily Hoffman posted in Product Updates

0 Comments

Today, we launched four new enhancements to the LifeYield Advantage Suite, including a new workflow for adding, editing and importing accounts. This new workflow drastically streamlines the previous one, saving time for advisors who want to quickly add, edit or import new accounts to the platform.
Read More