Social Security Basics and Strategies for Maximizing Benefits 2024

Thursday, January 30, 2025

Webcast or Webinar, Online

11:00AM - 6:30 PM (opens at 10:30AM) EST

8Credits

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$299.00 Regular Price

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$399.00 Regular Price

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Course Type: Webcast

Course Code: 24/5124822

Level: Basic

Vendor: California CPA Education Foundation

Field of Study: Taxes

Overview:

Though many clients see Social Security as a government benefit, it is a covered worker's investment asset to be managed like any other 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. You'll 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-and techniques to maximize your clients' benefits.

Objectives:

• 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

Major Topics:

• Social Security planning, benefit calculation, and beneficiaries • Recent changes to "file and suspend" and "restricted application" strategies • Increasing benefits for self-employed individuals • Planning for surviving spouses • Integrating retirement plan distribution strategies with Social Security claiming strategies • Coordinating drawing Social Security benefits with the start of Medicare benefits, including a discussion of IRMAA

Registration is Open

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