Social Security and Bridging to Retirement Planning (Currently Unavailable)

Author: Martha B Shedden

Your clients may be aware of the effect of an educated, well-timed Social Security income election decision however, that decision is just the foundation of a well-designed retirement plan.

Coupled with goal-setting strategies, early planning of retirement asset fund allocations, well-planned distribution and drawdown strategies, and a detailed understanding of Social Security income taxation, you will have the ability to boost your clients’ retirement income and increase the longevity of their portfolios.

This on-demand course will provide you with the details and strategies needed to understand the interplay between Social Security, other income, and the withdrawal sequence from retirement accounts.

Taxation of Social Security income, in particular, plays a large part in the final net funds available to retirees, especially as they reach age 70 ½ and have Required Minimum Distributions from IRA accounts.

Publication Date: May 2018

Designed For
Practitioners who have a detailed familiarity with Social Security rules and strategies and wish to incorporate this knowledge into retirement financial plans.

Topics Covered

• Terms and Abbreviations
• Retirement Planning 101
• Elements of Retirement Planning
• Software Analysis of Retirement Cash Flow
• Taxation of Social Security Benefits
• Retirement Planning Case Studies

Learning Objectives

• Describe retirement planning
• Identify the information needed to set goals for a retirement financial plan
• Recognize taxation of Social Security benefits
• Identify and apply retirement planning case studies to your clients
• Differentiate retirement withdrawal process vs. wealth accumulation
• Recognize software applications to address these topics
• Identify the biggest factor causing the three-legged to no longer represent retirement financial stability
• Recognize the best way to advise clients to maximize their Social Security income
• Describe defined contribution plans
• Recognize the increased importance of optimizing Social Security income for most retirees
• Identify why Social Security income planning is referred to as a "bridge" to retirement planning
• Describe and apply the pyramid
• Differentiate statements regarding Required Minimum Distributions (RMDs)
• Identify the potential to help retirees minimize taxation of Social Security income
• Describe the best reflection of wiser ways to examine retirement finances

Level
Advanced

Instructional Method
Self-Study

NASBA Field of Study
Specialized Knowledge (2 hours)

Program Prerequisites
Highly recommended that registrants have taken both basic and advanced level Social Security income planning courses. It is meant for participants who have a detailed familiarity with Social Security rules and strategies and wish to incorporate this knowledge into retirement financial plans for clients in order to increase their retirement income and portfolio longevity.

Advance Preparation
None