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Should I Tap My IRA or Social Security First?

CPE | CE Course on IRA Account or Social Security First

1 Credit


Subject Area


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-00612-21-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0585)

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-00612-21-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00612-21-S)

1 CE credit for Certified Senior Advisor (CSA)

1 CE credit of Retirement Savings and Income Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 296166)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.


  • The Risk Adjusted Return on Stocks
    12 mins
  • Comparing Taking SS Versus IRA First Requires an Apples-to -Apples Comparison
    20 mins
  • Meet Rachel and Patrick Weil
    24 mins
  • sources of Lifetime Spending Gain
    32 mins
  • Comparison - Take IRA at 62, SS at 70 Produces Huge, Safe Increase in Lifetime Spending
    45 mins

Course Description

It is a retirement dilemma.

When planning for retirement cash flow, should a client start Social Security as early as age 62, letting individual retirement account money continue to grow, tax-deferred? Or should that client tap the IRA and wait for a larger Social Security benefit?

Many people who wind up with a smaller Social Security check because they claim their benefit early could have waited longer to file, thanks to funds in their IRA.

Around 34 percent of beneficiaries who claim their Social Security before 66 — the current full retirement age for most people — have enough money in an IRA to finance the equivalent of at least two years of Social Security benefits, the researchers found. A quarter of them had enough to finance at least four years.

That’s the finding from a recently published study in the Journal of Pension Economics & Finance.

“It seems like there is a significant portion of the population claiming early even though they have the potential to finance a delay,”

The conventional wisdom says that you should wait to claim benefits as long as possible, to maximize your payments. But one size doesn’t fit all, and people’s circumstances are often different than the standard assumptions about expected lifespan and career plans.

Many retirees decide to take Social Security early so as to earn more money investing their IRAs in stocks and other high-yield securities. This online CE course will examine this decision from the perspective of finance, tax implications, and, most important, the impact on Social Security benefits of waiting to collect. 

Major Topics covered in this Tax CE webinar:

  • Which Accounts You Should Draw Down First in Retirement?
  • Who’s Making IRA Withdrawals?
  • Who takes social security first?
  • What are the key finding from the IRA study?
  • When an IRA Withdrawal Can Be Wise?

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Learning Objectives

  • To discuss the trade-off between taking Social Security or taking Retirement Account withdrawals first. 
  • To determine how to risk-adjust risky returns on retirement account investments. 
  • To determine the payoff to patience in taking Social Security. 

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Preparer
  • Young CPA