Course ID: SSB

Social Security Benefits: Advising Clients

This program will prepare accountants for client questions regarding Social Security, including advanced planning strategies. A 35-year veteran of the Social Security Administration will teach participants how to help their clients develop a plan to maximize Social Security benefits. This program not only increases an accountant’s value to baby boomer clients, but it instills confidence that the accountant can be proactive in helping clients make these very important decisions


LEARNING OBJECTIVES
  • Recognize opportunities to increase Social Security benefits
  • Use information in the annual statement
  • Calculate taxable benefits and 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 versus disability
  • Annual statement
  • Benefits calculation
  • Taking benefits early versus later
  • Taxation of benefits
  • Strategies for single individuals, survivors, and couples
  • Spousal and survivors benefits
  • Medicare benefits
  • Windfall Elimination Provision and Government Pension Offset

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

FIELD OF STUDY
Specialized Knowledge

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
8.0

LEVEL
Basic
 

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