Social Security - What Advisors Need to Understand Regarding Social Security When Meeting With Clients

This webinar will cover computation of social security benefits, eligibility, consequences of early benefits vs later, spousal benefits, social security claiming strategies, use of the Restricted Application and more.

Why Should You Attend:

This webinar will explain the talking points that advisors need to share when meeting with clients to discuss Social Security benefits and provide assistance. Advisors must be proactive, not reactive, when meeting as clients are looking for both assistance and advice. This session will discuss several important concepts:

The role of Social Security representatives,

how benefits are calculated,

• An explanation of the Social Security statement, and
• An explanation of the meaning of the terms “Primary Insurance Amount” (PIA) and “Full Retirement Age” (FRA), sometimes referred to as “Normal Retirement Age”.

Areas Covered in the Webinar:

• Understand how SS benefits are computed
• Understand SS eligibility
• Understand consequences of taking benefits early and benefits of taking benefits later
• Understand how to coordinate spousal benefits and how to compute the spousal boost
• Understand the impact of various SS claiming strategies to surviving spouse benefits
• Understand how SS benefits are taxed
• Understand how benefits may be impacted by the Annual Earnings Test
• Review of many case studies to review the various SS options available in many situations
• Understand when children are available for benefits
• Understand how to use the Restricted Application to help clients to maximize their benefits

Who Will Benefit:

• Advisors assisting clients with Social Security claiming options.
• CPAs,
• EA (Enrolled Agent)
• Tax professionals
• Financial advisors
• Insurance agent
• Lawyers
• HR personnel, etc.
• Financial Officers
• Tax Managers
• Accounts Payable Managers
• Internal Auditors
• Information Technology design staff
• Staff with roles and responsibilities in purchasing,
• Vendor Management,
• Tax Compliance Management