In response to a recent question from Financial Advisor magazine about the long-term solvency of Social Security, 35 percent of advisors said they think benefits will be means-tested for the wealthy. It’s certainly a plausible idea. But how might it happen, and what can you do to prepare clients for it?

Let’s start with two facts. First, any proposed changes to Social Security will be difficult and controversial. With so many boomers now getting benefits, the engaged, entitled audience is huge. Second, there is no simple way for the U.S. government to measure assets owned by households or individuals. Even if it could, there are too many “asset titling strategies” for such a measure to be fair.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.