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More than a third of Americans expect Social Security to be a major source of retirement income,1 making it a key focus for financial advisors. Incorporating Social Security software into your tech stack may prove valuable for helping clients optimize their retirement outlook. Social Security software can streamline benefit projections, model claiming scenarios and enhance client conversations about retirement planning. Understanding how different tools compare in features, cost and usability can help you choose the most effective option for your workflow.
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What Can Social Security Software Do for Financial Advisors?
More advisors are adopting software to increase efficiency and offer more informed analysis. According to the 2026 T3Inside Information Software Survey, 56% of advisors use some type of Social Security software in their planning. 2 Some use stand-alone tools, while others use software that’s incorporated into other financial planning programs.
So, why are advisors relying on tech to plan? Social Security software programs can perform key tasks in the planning process more efficiently and in less time. That leaves you free to focus on other tasks to move your business forward. These programs can help you to:
- Calculate Social Security benefit outcomes, based on the client’s work history and claiming age
- Assist clients in determining when to begin taking benefits based on life expectancy and overall financial need
- Run different scenarios for married couples to help them choose the most appropriate filing strategy
- Create visualizations that allow clients to see potential outcomes side by side
- Maximize tax efficiency when claiming Social Security alongside other retirement account withdrawals
Social Security benefits represent about 30% of income for people over 65 in the U.S. 3 Using Social Security software programs can help you ensure that your clients are maximizing their benefits to the fullest for a financially secure retirement.
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Social Security Software for Financial Advisors
Advisors who are interested in using software to assist with Social Security planning have numerous options to choose from. We’ve selected a handful that you might consider using if you’re looking for ways to simplify this aspect of your business. Here they are at a glance, with more details provided below.
| Software | Pricing | Demo Available |
|---|---|---|
| eMoney SS Module | Contact eMoney for pricing details | Yes |
| MoneyGuide Pro SS Module | $175/monthly or $2,000/yearly | Yes |
| SSAnalyzer | Free for advisors | Yes |
| Social Security Pro | $39.95/monthly or $429.95/yearly | Yes |
| LifeYield | $35/monthly or $350/yearly per seat | Yes |
| Social Security Timing | $300/monthly or $3,500/yearly | Yes |
eMoney SS Module
- Highlights: Run Monte Carlo scenarios, generate cash flow estimates, explore advanced Social Security planning scenarios based on age at retirement and market returns
- Pricing plans: Plus, Premier, Pro
eMoney is comprehensive financial planning software for advisors that includes a built-in Social Security planning module. It was the most popular Social Security software among advisors in the T3 rankings, with 15% using it to handle client planning.
There are three product tiers to choose from, each with a different focus. eMoney Plus is all about holistic, goals-based planning, while Pro supports more advanced cash flow planning. eMoney Premier has everything you need to advise clients in one package, including goals-based and cash-flow planning, along with a secure portal for clients and mobile app access.
MoneyGuide Pro SS Module
- Highlights: Compare up to six different strategies in the context of the client’s overall financial plan, visualize outcomes, run calculations automatically
- Pricing plans: Monthly, yearly
In the T3Inside survey, the MoneyGuide Pro SS module was the second most-used program by market share, with 13.35% of advisors relying on it. This module is available as part of the MoneyGuide Pro financial planning software.
The module employs a comprehensive approach that considers a client’s entire financial outlook to determine the best way to maximize Social Security benefits. The What If planning feature allows you to:
- Gauge plan sensitivities to longevity and Social Security outcomes
- Experiment with different assumptions regarding inflation, rates of return and goals
- Calculate Social Security benefit amounts using a range of inputs
Optional graphics and images help you share a visual representation with the client to illustrate what their retirement picture might look like.
SSAnalyzer
- Highlights: Benefits planning for a wide range of situations, branded reports, 10-day free trial
- Pricing plans: Free for advisors
SSAnalyzer is a standalone Social Security software program for financial advisors offered by T. Rowe Price. This free tool allows you to:
- Estimate the impact of future earnings and taxes on Social Security benefits
- See how anticipated cost-of-living adjustments might affect benefits
- Create personalized reports for clients that reflect your firm’s branding
SSAnalyzer considers every situation, including single claimants, married couples, widows/widowers and divorced clients. The software includes strategies for Social Security disability benefits, family benefits and non-covered pensions so you can create a comprehensive plan.
Social Security Pro
- Highlights: Interactive sliders, detailed graphs and ledgers, free trial
- Pricing plans: Monthly, yearly
Social Security Pro offers an easy-to-use interface for advisors who want to be able to quickly calculate benefit scenarios. The software allows for easy adjustments to see how a change in your client’s situation or timing might impact outcomes. You can view benefits by year or taxation details and run a break-even analysis.
It’s possible to create a client presentation in just five minutes, and the software’s interface lends itself to virtual client meetings. Social Security Pro is available as a standalone product, but it can also be bundled with lead generation, estate planning and business succession tools if you’re looking for additional software solutions.
LifeYield
- Highlights: Visualizer tools, compliant reporting, scenario modeling
- Pricing plans: Monthly, yearly
LifeYield’s Social Security program goes beyond simple calculations and allows you to model claiming strategies for your clients. Advisors can use this software to:
- Run multiple scenarios in real-time scenarios so clients can compare outcomes side by side
- Visualize how Social Security income coordinates with your client’s other retirement income sources
- Anticipate and plan for retirement income gaps
- Generate easy-to-read reports and share them compliantly with clients
- Uncover held-away assets and potentially generate leads through referrals
Advisors can schedule a demo to test LifeYield’s capabilities in optimizing Social Security benefits.
Social Security Timing
- Highlights: Break-even charts, alternate strategies, marketing materials
- Pricing plans: Monthly, yearly
Social Security Timing is designed to help you guide your clients in choosing a benefits claiming strategy. You can use the software to explore different strategies for easy comparison while conducting a break-even analysis for each one.
You may find it especially helpful if your clients are primarily married couples. Social Security Timing allows you to automatically generate outcomes for four claiming scenarios:
- Widest split
- Both at full retirement age
- Both in January of their full retirement age
- Both at age 70
You can choose from multiple pricing plans based on your firm’s size and needs. A demo is available if you’d like to try it before you buy.
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What to Look for in Social Security Software for Financial Advisors
If you’re interested in finding a software solution for Social Security benefits planning, it helps to know what to look for. Some of the key considerations include:
| Features | Consider the range of features offered, including report generation, visualizer tools and interactive components, such as calculators or sliding-scale forecasting tools. |
| User Experience | A good Social Security software program should be user-friendly for advisors and for clients, if the program includes access to a secure portal or dashboard. |
| Cost | Cost is always a concern when investing in software. Programs may charge a flat rate per month or yearly, or offer a tiered pricing structure that requires you to pay more in order to unlock more features. |
| Compliance and Integrations | Compliance is always a chief concern, so review compliance protocols for any Social Security software you’re considering. Also, think about how seamlessly it will integrate into your broader tech stack. |
| Support | Some software programs may have a longer learning curve than others. Consider the level of support offered at the onboarding stage and afterward. Also, look at whether support is offered to your clients as well. |
| Reputation | Reputation can say a lot about a software program, so you may find it beneficial to read reviews from other advisors. Consider any awards the software has won and where it falls in rankings of Social Security programs. |
If a demo is available for any Social Security software program you’re contemplating using, take advantage of it. A demo or free trial is an opportunity to explore how well a program might align with your needs and identify what you do or don’t like about it.
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Frequently Asked Questions (FAQs)
What Is Social Security Software?
Social Security software is a tool that’s designed for benefits planning. Advisors can use Social Security software programs to help clients decide when to take benefits and how to maximize them. Programs can take different claims scenarios into account to analyze outcomes and create visualizations.
What Does a Social Security Advisor Do?
Financial advisors who offer Social Security planning services assist clients with determining when to take benefits based on their age, marital status, tax filing and overall financial situation. Advisors can help clients incorporate Social Security benefits into their broader retirement income picture, which may include a 401(k) plan, IRAs, pensions or annuities.
Do Advisors Need Social Security Software?
You don’t need a separate software program to run Social Security planning scenarios. However, there are benefits to using a software solution to calculate client outcomes. These programs can help you increase tax efficiency, optimize benefits and reduce room for error. They can also save you time since you don’t need to run calculations manually.
Bottom Line
Social Security planning may be central to what you do as an advisor, and clients may look to you for guidance on how to make the most of their benefits. Using Social Security software can help you and your clients view outcomes from every angle to make the most informed decision possible.
Tips for Growing Your Advisory Business
- Automating your marketing plan can help you generate new leads without tying up hours of your time. If you’re looking for a streamlined solution, SmartAsset AMP can help. This advisor marketing platform helps you connect with leads while giving you the tools you need to nurture relationships automatically. Schedule a demo to learn how you can use it to grow your business.
- Social Security software is just one tech solution you might consider for your advisory business. Compliance software can also be a wise investment if you’re concerned about possible violations of SEC rules. When comparing RIA compliance software options consider the range of features, integrations with other software tools you use and cost.
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Article Sources
All articles are reviewed and updated by SmartAsset’s fact-checkers for accuracy. Visit our Editorial Policy for more details on our overall journalistic standards.
- Social Security. Gallup, https://news.gallup.com/poll/1693/social-security.aspx.
- T3/Inside Information Software Survey. T3/Inside Information , https://t3technologyhub.com/wp-content/uploads/2026/03/2026-T3_Inside-Information-Software-Survey.pdf.
- Fact Sheet. Social Security Administration, https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf.