Course ID: SSB

Social Security Benefits: Advising Clients


Advise clients who may be eligible for benefits, when to begin distributions, how survivor and disability benefits work, all the ins and outs of Social Security. Determine when to file for Medicare and the effects of filing late. Understand the earnings test, the effects of filing early, the effect of filing after the full retirement age, how to sell a business and maximize Social Security benefits, and how to minimize taxation of benefits.


LEARNING OBJECTIVES
  • Recognize opportunities to increase Social Security benefits
  • Use information in the annual statement
  • Calculate taxable benefits
  • Calculate delayed retirement credits
  • Advise clients regarding the earnings test
  • Advise retiring clients concerning benefits
  • Calculate and explain the effect of work for earnings not covered by Social Security (WEP & GPO)
  • Anticipate and create opportunities to maximize benefits
  • Advise clients when to file for Medicare
  • Represent clients in Social Security matters

MAJOR TOPICS
  • Developing issues regarding Social Security
  • Retirement vs. Disability
  • Annual Statement
  • How benefits are calculated
  • Full retirement age
  • Taking benefits early vs. later
  • How benefits are taxed
  • Strategies for single individuals, survivors and couples
  • Spousal benefits
  • Survivors benefits
  • Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)
  • Medicare benefits

DESIGNED FOR
CPAs in public practice or industry who advise clients about retirement

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live
 

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