A Primer on Social Security 1.5 Credits
Learning mode
This course provides a comprehensive understanding of the Social Security system in the United States, including its history and the mechanisms used to determine Social Security benefits. Attendees will gain an understanding of the eligibility criteria for Social Security benefits, including the conditions that must be met to qualify for coverage under the program. The course will explore the formulas used to determine the taxable wage base, necessary wages for coverage, and the number of years required for Social Security benefit eligibility.
The webinar will also cover in detail the determination of a worker's average indexed monthly earnings, including how the indexing of wages is applied. Participants will learn how a worker's primary insurance amount is calculated using "bend points" to ensure that lower-wage earners receive a higher percentage of their wages than higher-wage earners, and how those bend points are determined.
The impact of cost-of-living adjustments (COLAs) on benefits will be discussed, and common misconceptions about how COLAs are determined will be clarified. Early retirement, full retirement, and delayed retirement will be examined in detail, including the effect of taking Social Security benefits before one's full retirement age on both the worker and their spouse. Spousal benefits will also be discussed in detail, as will the Social Security Administration's four categories of wages.
Using the maximum wage category for example, the course will illustrate how these wages provide the maximum benefit that can be earned, whether for early, full, or delayed retirement. The factors that need to be addressed when deciding whether to take benefits early, at full, or delayed ages will be shown in detail, as will the Windfall Elimination Provision and the Government Pension Offset, both of which can reduce benefits. The course will also explain how working after taking benefits may reduce benefits and the conditions for that reduction.
This CPE Finance webinar will conclude with an overview of some projections of the future of Social Security, giving participants a holistic understanding of this vital system and the factors that affect their Social Security benefits.
Key topics covered in this course:
| License details | Credits | Status |
|---|---|---|
| Finance for Certified Public Accountants (CPA-US) | 1.5 CPE | Approved |
| Retirement and Financial Independence Planning for Personal Financial Specialist (PFS) | 1.5 CPD | Eligible |
| Finance for Chartered Financial Analyst (CFA) | 1.5 PL | Eligible |
| Finance for Delaware Licensed Public Accountant (DE-LPA) | 1.5 CPE | Eligible |
| Retirement Planning for Chartered Financial Consultant (ChFC) | 1.5 CE | Eligible |
| Financial Planning for Certified Wealth Strategist (CWS) | 1.5 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 1.5 CPD | Eligible |
| Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS) | 1.5 CE | Eligible |
| Retirement Planning for Retirement Income Certified Professional (RICP) | 1.5 CE | Eligible |
| Retirement Planning for Wealth Management Certified Professional (WMCP) | 1.5 CE | Eligible |
| Retirement Planning for Financial Services Certified Professional (FSCP) | 1.5 CE | Eligible |
| Finance for Iowa Licensed Public Accountant (IA-LPA) | 1.5 CPE | Eligible |
| Finance for Maine Licensed Public Accountant (ME-LPA) | 1.5 CPE | Eligible |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 1.5 CE | Eligible |
| Retirement Planning for Chartered Special Needs Consultant (ChSNC) | 1.5 CE | Eligible |
| Retirement Planning for Chartered Advisor in Senior Living (CASL) | 1.5 CE | Eligible |
| Retirement Planning for CIPM | 1.5 PL | Eligible |
| License details | Credits | Status |
|---|---|---|
| Finance for Certified Public Accountants (CPA-US) | 1.5 CPE | Approved |
| Retirement and Financial Independence Planning for Personal Financial Specialist (PFS) | 1.5 CPD | Eligible |
| Finance for Chartered Financial Analyst (CFA) | 1.5 PL | Eligible |
| Finance for Delaware Licensed Public Accountant (DE-LPA) | 1.5 CPE | Eligible |
| Retirement Planning for Chartered Financial Consultant (ChFC) | 1.5 CE | Eligible |
| Financial Planning for Certified Wealth Strategist (CWS) | 1.5 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 1.5 CPD | Eligible |
| Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS) | 1.5 CE | Eligible |
| Retirement Planning for Retirement Income Certified Professional (RICP) | 1.5 CE | Eligible |
| Retirement Planning for Wealth Management Certified Professional (WMCP) | 1.5 CE | Eligible |
| Retirement Planning for Financial Services Certified Professional (FSCP) | 1.5 CE | Eligible |
| Finance for Iowa Licensed Public Accountant (IA-LPA) | 1.5 CPE | Eligible |
| Finance for Maine Licensed Public Accountant (ME-LPA) | 1.5 CPE | Eligible |
| Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA) | 1.5 CE | Eligible |
| Retirement Planning for Chartered Special Needs Consultant (ChSNC) | 1.5 CE | Eligible |
| Retirement Planning for Chartered Advisor in Senior Living (CASL) | 1.5 CE | Eligible |
| Retirement Planning for CIPM | 1.5 PL | Eligible |
Credits
1.5
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
My professional career began as a Mechanical Engineer. After being released from active duty from military service during the Korean War, I utilized the GI Bill and majored in the topic at the University of Rhode Island following up with a master’s degree the following year. University teaching looked appealing, so I applied for and received a position on the civilian faculty at the United States Naval Academy in Annapolis, Md. Policy changes required that in order t pursue a career at the Academy, I was required to acquire a Ph.D. and rather than doing it part-time by commuting to Washington, D.C. I returned to the University of Rhode Island for full-time study, completing the requirements in 1970. Circumstances precluded my return to the Naval Academy, and I acquired a position in the faculty in the Mathematics Department of a small business college, which has now grown to be Bryant University. The department chair asked if I would develop and teach a course in the Mathematics of Finance to which I agreed. After developing and teaching the course I realized that finance (or the mathematics thereof) was the direction I wanted to follow in the future, and my research and publications have been in that genre since then.
During my tenure at Bryant University, I served as Chair of the department for 13 years, and because of having been a consultant to a pension consulting firm, I developed a major in actuarial mathematics. As such I have taught courses in the Theory of Interest, Mathematics of Finance, Insurance, and Pensions, Pension Fundamentals, Software Applications, and Statistics.
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To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
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Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
What are the requirements to maintain compliance with live webinar courses?
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
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After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
PP
I recently delved into "A Primer on Social Security" to gain a better understanding of how the system works. The primer proved to be an invaluable resource, breaking down complex concepts into easily digestible pieces. It clarified many misconceptions I had about Social Security eligibility and benefit calculations.
LL
Detailed, informative, concise presentation. Very helpful handouts. Very knowledgeable presenter but would recommend improved articulation of presentation materials. Thank you.
Feb 24, 09:30 AM ET
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