Social Security: From Knowledge to Implementation (Deep Dive Workshop with Heather Schreiber, RICP®)
For most American retirees, Social Security benefits are the bedrock upon which their retirement income is built. Faced with ongoing challenges to its sustainability, coupled with the direct effect of the COVID-19 pandemic on the OASDI trust funds, many are left wondering if it will continue to be a reliable income source.
Social Security was not designed to be a significant portion of post-retirement income, yet 3 in 5 retirees, age 65 or older, rely on it for more than 50% of their income. Many pre-retirees find themselves overwhelmed by the rules governing Social Security and lack the knowledge to make an informed claiming age decision, potentially causing a strain or even depletion of other retirement income sources. This webinar is designed to help advisors better advocate for their clients through a step-by-step guide to the most critical components of Social Security, including how benefits are calculated, who is eligible, what factors to consider in making the claiming decision, and strategies to enhance lifetime income.
Learning Objectives:
• Learn how to navigate your clients’ question of “Will it be there?”
• Gain a better understanding of how the benefit is calculated and who is eligible
• Identify the various types of auxiliary benefits and eligibility requirements
• Learn the must-know rules around earnings limitations, taxes, and recovering from a poor claiming decision
• Better understand why income benefits for some federal, state, and local employees may be less than expected
• Identify the critical questions you should ask to uncover opportunities to enhance benefits
• Explore the Biden Administration’s plan for shoring up the Social Security system
• Learn the basics of Medicare and answers to frequently asked questions
• Understand how to effectively weave Social Security planning into your client’s income plan
• Apply what you learned through case studies
Social Security was not designed to be a significant portion of post-retirement income, yet 3 in 5 retirees, age 65 or older, rely on it for more than 50% of their income. Many pre-retirees find themselves overwhelmed by the rules governing Social Security and lack the knowledge to make an informed claiming age decision, potentially causing a strain or even depletion of other retirement income sources. This webinar is designed to help advisors better advocate for their clients through a step-by-step guide to the most critical components of Social Security, including how benefits are calculated, who is eligible, what factors to consider in making the claiming decision, and strategies to enhance lifetime income.
Learning Objectives:
• Learn how to navigate your clients’ question of “Will it be there?”
• Gain a better understanding of how the benefit is calculated and who is eligible
• Identify the various types of auxiliary benefits and eligibility requirements
• Learn the must-know rules around earnings limitations, taxes, and recovering from a poor claiming decision
• Better understand why income benefits for some federal, state, and local employees may be less than expected
• Identify the critical questions you should ask to uncover opportunities to enhance benefits
• Explore the Biden Administration’s plan for shoring up the Social Security system
• Learn the basics of Medicare and answers to frequently asked questions
• Understand how to effectively weave Social Security planning into your client’s income plan
• Apply what you learned through case studies