Faculty Publications


Social Security's Role in the Advice You Provide

Document Type


Publication Date

Spring 2015


If Social Security is going to be a part of your client’s income stream in retirement, shouldn’t you understand how it works? Although we casually know it as Social Security benefits, it is formally called the Old-age, Survivors and Disability Insurance (OASDI) program. Since its inception in 1935, OASDI has focused on providing a basic level of monthly income to workers (and their families) as a result of achieving a certain level of credits. Many naysayers question the viability of the program, suggesting it will run out of money in 2035. There may be some cause for this level of concern.