CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Savvy Social Security Planning: All You Need to Know About Social Security Claiming Strategies

4.6 (540)

Daven Sharma

Abundance Advise

Friday, April 09, 2021 | 03:00 PM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CPA/PFS
  • TEP
  • CTEC
  • CSA

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00376-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0374)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00376-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00376-21-O)

1 CE credit for Certified Senior Advisor (CSA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Social Security can be far more complicated than people realize. The decisions your clients make now can have a tremendous impact on the total amount of benefits they receive over their lifetime.

Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security.  This one-hour workshop will acquaint CPAs and attorneys with rules and strategies for claiming Social Security benefits. An emphasis will be placed on coordinating the various types of benefits (retirement, spousal, and survivor) in order to maximize benefits over a client’s lifetime.

Key topics:

  • How Social Security benefits are calculated.
  • Factors clients need to consider when deciding when to apply for benefits.
  • Illustrations of lifetime income streams based on claiming ages and breakeven analyses.
  • Innovative spousal claiming strategies designed to give clients extra income.
  • How widows and widowers can coordinate survivor benefits with their own retirement benefit to maximize income
  • Ways to minimize taxes on Social Security benefits
  • How to coordinate Social Security with other sources of retirement income

Learning Objectives

  • To identify who is entitled to retirement benefits and in what amounts
  • To summarize the factors to be considered while determining when to take benefits
  • To discuss the taxation of Social Security benefits and how this impacts other income tax planning
  • Identify and describe the potential effects of retirement and estate planning strategies

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 540
    [average] => 4.5611
)
 

4.6

(540)
62%
32%
6%
0%
0%

SW

Instructor was excellent. His slides and stories were relevant and interesting.

SP

Very informative presentation.

AM

Powerful information to help your client and yourself to understand when to collect SSA Benefits. The presentation was wonderfully balanced with his experiences and the statistic that were projected.

AG

Very informative and easy to follow. Glad he didn't respond to questions until the end.

CP

This was a good webinar with no technical difficulties.

JH

This gave me a good basis to help my clients who are getting ready to retire with good questions for them to think about.