Social Security: The Financial and Tax Professional's Guide to What Women Should Know (Completed)

Date: Thursday, June 14, 2018
Instructor: Martha B Shedden
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Retirement Planning for CFP

This course will focus on the special financial barriers and issues women face in retirement and why understanding and making a smart Social Security election is the cornerstone decision for women’s retirement financial plans.

“What you don’t know CAN hurt you”. Discover how an incorrect Social Security election decision can cost hundreds of thousands of dollars and women are most affected by this “money left on the table” in their later retirement years.

This course also includes a summary of the most recent Social Security rule changes made in the Bipartisan Budget Act of 2015 and signed into law on November 2, 2015. For a detailed discussion of the BBA 2015 please see our course, Social Security Income: Indispensable Information for Financial Professionals

Who Should Attend
Tax and Financial Professionals wanting to broaden their knowledge of the impact a Social Security election decision has on women and ways professionals can help women. Consumers, especially women, who want to become educated on SS for their retirement planning. Tax Professionals: CPAs, Enrolled Agents Financial Professionals: CFP, IAR, Life & Annuity Agents, CLU, CPRC, CFS, ChFC, CIC, CIMA,

Topics Covered

  • A summary of the Social Security rule changes in the Bipartisan Budget Act of 2015 (BBA 2015)
  • Why being educated about Social Security is key
  • The specific reasons why financial and Social Security income planning is so critical for women
  • The basic Social Security information all women should understand
  • How the Social Security benefit is calculated
  • Evolution of Social Security claiming strategies including the most recent claiming option restrictions and deadlines created by the BBA 2015
  • The 4 most important Social Security concepts for women to follow
  • Case study examples for single, married, divorced and widowed retirees
  • The basics of Social Security income taxation
  • What a comprehensive retirement plan should include
  • Resources, software and further education

Learning Objectives

  • Explain why being educated about Social Security is so important
  • State the reasons women fare more poorly in retirement than men
  • Define basic Social Security information
  • Calculate a Social Security benefit given the information needed
  • Evaluate what Social Security rules and strategies are best applied to certain client case studies
  • List the most important Social Security concepts to understand
  • Differentiate the three BBA 2015 group age and claiming rule deadlines
  • Illustrate how a single, married, divorced, and widowed woman can optimize their lifetime Social Security income
  • Describe what provisional (combined) income is and how this affects tax liability
  • Summarize how the Social Security election decision has a multiplier effect on a woman's retirement assets and standard of living


Instructional Method
Group: Internet-based

NASBA Field of Study
Specialized Knowledge (2 hours)

Program Prerequisites

Advance Preparation

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