Surgent's Strategies for Maximizing Social Security Benefits
Start Date/Time
Friday, February 28 2025 10:00AM
Friday, February 28 2025 10:00AM
End Date/Time
Friday, February 28 2025 12:00PM
Friday, February 28 2025 12:00PM
Credit Hours
2.00
2.00
Fields of Study
Taxes
Taxes
Type
Seminar
Seminar
Level
Intermediate
Intermediate
Member
$99.00
$99.00
Non-Member
$129.00
$129.00
Facility Location
Virtual Learning
Virtual Learning
Company
WEBIN
WEBIN
Vendor
Surgent McCoy CPE, LLC
Surgent McCoy CPE, LLC
Status
Scheduled
Scheduled
Description
As the population of the United States ages, tax practitioners will be asked to advise their individual clients with respect to when they should begin to take Social Security benefits. This program will provide you with the background to knowledgeably discuss the benefit options available to Social Security beneficiaries and the alternative payment options available to married couples, dependents, a surviving spouse, and a divorced individual.
Designed For
Tax practitioners who anticipate advising clients with respect to any aspect of the Social Security system and, particularly, with respect to the time when a client can/should initiate Social Security benefits distributions
Objectives
- Determine what options a given client has with respect to initiating Social Security payments
- Identify other factors that could affect a claiming age decision
- Advise divorced clients with respect to their ability to receive Social Security benefits from a former spouse
- Advise married clients regarding their options with respect to maximizing Social Security benefits for the couple and for a surviving spouse
Major Subjects
- When is a person eligible to take Social Security benefits?
- Factors to consider when selecting an option for taking Social Security benefits
- Is there a best age to start taking Social Security benefits?
- How to maximize Social Security benefit payments for surviving spouses
- How can a divorced spouse collect Social Security benefits based on the work record of a former spouse?
- How minor children can collect Social Security benefits based on the work record of an older parent
Prerequisites
Basic knowledge of individual income taxation