While we examine market and exchange traded fund ideas on a daily basis, most investors and advisors don’t spend enough time talking about retirement issues, especially social security.

ETF Trends’ Tom Lydon sat down with Chad Terry, CFP, Director of Retirement and Investment Education for BlackRock, to discuss the impact of social security.

“Three out of four people today take social security before reaching full retirement age,” Terry said, “And we found, by evidence, that maybe costing them tens or hundreds of thousands of dollars over their lifetime.”

Financial advisors need to be aware of the ramifications of maximizing social security benefits for clients and understand how legislation on Capitol Hill will affect the retirement system.

For more retirement related information, advisors can visit the BlackRock site.

Watch the video below to see the full interview with Chad Terry.

To view past video interviews, visit our video section.