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LifeYield Unlocks $2.3B of Potential Lifetime Social Security Benefits in Q3 2020

By LifeYield | October 29, 2020 | News

Social Security Advantage® reveals nearly $7.7B YTD in added retirement income for personal investors benefiting from LifeYield technology

BOSTON – October 29, 2020 – The uncertainties of both an imminent presidential election and the long-term solvency of Social Security have pressured advisors to reassure their clients and deliver retirement income strategies that will create better outcomes. LifeYield LLC, the market leader in cloud-based solutions helping advisors maximize retirement income for their clients, today reports that advisors using LifeYield’s Social Security Advantage® tool between July 1, 2020, and Sept. 30, 2020, have added an average of $130,000 per client household in potential lifetime Social Security benefits.

To reach this average, LifeYield examined 17,099 anonymized reports from its largest partners in the third quarter of 2020. The average reflects the difference between clients’ initial Social Security filing strategies and the optimal strategies generated by LifeYield’s Social Security Advantage® tool. By following these individually tailored strategies, clients benefiting from LifeYield technology could realize a cumulative $2,298,611,569 in potential added retirement income during their lives.

“These figures are proof a software-based approach is the most intuitive and impactful way to reveal the next best action to clients, whether through the coordination of an entire household of assets or finding the best time to file for retirement benefits,” said Harry Bartle, EVP, Enterprise Sales. “The average of $130,000 per household in potential lifetime Social Security benefits identified in Q3 of 2020 speaks to the peace of mind advisors can deliver to clients with optimal filing strategies.”

LifeYield’s Social Security technology is used by some of the world’s leading financial institutions, including Allianz, Franklin Templeton, Jackson National, Merrill Lynch, New York Life and Personal Capital.

Since January 2020, LifeYield has identified approximately $7,662,819,070 in potential added Social Security benefits unlocked by advisors using its technology. LifeYield does not access confidential client data, instead analyzing the impact of Social Security Advantage® through its partners’ anonymized reports.

To review the potential benefits identified in the first half of 2020, click here. To learn more about LifeYield and Social Security Advantage®, schedule a free demo here.

Read the full Press Release via Business Wire here.

About LifeYield

LifeYield, the financial services leader in smart-householding, helps advisors maximize retirement income for clients. From accumulation through withdrawal, the LifeYield Advantage Suite® uses the industry-leading Taxficient Score® to illustrate tax efficiency and improve asset location across IRAs, 401(k)s and taxable accounts to boost client returns. Its intuitive Social Security Advantage® software helps over 80,000 advisors plan optimal retirement income strategies and filing benefits for clients as they approach retirement. LifeYield’s software is integrated with the largest wealth management, RIA, insurance, asset management and fintech providers. For more information, please visit and follow the company at @lifeyield.