Obscure Social Security Rules and their Impact on Clients

Certain Social Security program rules include obscure details that can catch retirees by surprise and cost them retirement income or help them by receiving more than they expected. These rules involve overpayments, the Earnings Test, pensions, withdrawing an application, voluntary suspension, lump sum payments, and the widow’s limit. Even basic details about dependent benefits are frequently misunderstood. In this session, case examples will be used to illustrate these situations and the amount of benefit income that can be at stake.

Attend this session to gain valuable insights and learn the critical questions used to help your clients navigate the Social Security claiming decision with confidence.

Learning Objectives:

1. Recall the causes of overpayments and critical actions to guide your clients through if the SSA sends an overpayment notice
2. Select when and how the withdrawal of an application or voluntary suspension can be beneficial to retirees collecting Social Security
3. Identify the amount of Social Security benefits that will be withheld due to the earnings test for a specific case example