Social Security Basics and Strategies For Maximizing Benefits Webcast | 4202922B
Date: August 10, 2020
Event Start time: 8:30 AM End time: 4:00 PM
Facility: Webcast Rebroadcast
8.00 CFP: Certified Financial Planner Technical
8.00 CPE: Continuing Professional Education Technical
6.50 MCLE: MCLE Technical
Field of Interest:
Determine how Social Security works, how benefits are calculated, who are beneficiaries, and techniques to maximize your clients' benefits.
Though many clients look at Social Security as a government benefit, it is actually a covered worker's investment asset to be managed like any other investment asset. Examine issues like how Social Security benefits are calculated, identifying benefit-claiming strategies, and what spouses can do now to maximize benefits at retirement. Learn how Social Security works and explore common planning situations, including workers with and without spouses; sandwich generation families with dependent parents and minor children; and surviving and/or divorced spouses.
- Determine how Social Security works, how benefits are calculated, who are beneficiaries, and techniques to maximize your clients' benefits.
- Recognize the language and forms of the Social Security Administration.
- Outline the earnings test and other drawbacks to drawing benefits early and how to plan around them.
- Determine which planning products to use to calculate the best strategy for your clients.
Level of Difficulty:
- Social Security planning, benefit calculation, and beneficiaries.
- Recent changes to "file and suspend" and "restricted application" strategies.
- Increasing benefits for self-employed individuals.
- Plan for surviving spouses.
- Integrating retirement plan distribution strategies with Social Security claiming strategies.
- Coordinating drawing Social Security benefits with the start of Medicare benefits.
Specialized Knowledge Prerequisites: Designed For:
Advanced Prep: Event Notes:
CPAs, financial advisers, attorneys, insurance, and other professionals.
This course will adjourn at 4 p.m.