ADP Retirement - Social Security and Medicare Planning Update (Currently Unavailable)

Author: Steven G. Siegel

CPE Credit:  1 hour for CPAs
1 hour Retirement Savings and Income Planning for CFP

With the Baby Boom generation entering retirement in record numbers, advisors are getting more questions about Social Security and Medicare. The 2020 pandemic forced more people to apply for Social Security benefits earlier than they may have planned. This is already having an impact on the Social Security system.

Understanding the complex rules and requirements and eligibility issues of these Programs is important when you must answer questions from your clients or their aging parents. Learn the essentials of the program, when benefits are available, spousal eligibility, divorced spousal eligibility, and more. Examine how these benefits are taxed and which strategies one should employ to maximize benefits and avoid surprising and costly penalties.

Publication Date: January 2021

Topics Covered

  • Complex rules and requirements and eligibility issues
  • 2021 updated benefit thresholds
  • When benefits are available
  • Spousal eligibility
  • Divorced spousal eligibility
  • Which strategies one should employ to maximize benefits
  • Avoid surprising and costly penalties

Learning Objectives

  • Identify the complexities of the social security system and gain an understanding of planning techniques for maximizing the timing and enjoyment of benefits
  • Recognize how to address crucial timing decisions for Medicare eligibility and determine what the Medicare system does and does not cover, and how planning can make a difference in what persons may receive
  • Describe Social Security eligibility for workers, non-working spouses and survivors
  • Differentiate the Medicare parts and how they relate to your clients


Instructional Method

NASBA Field of Study
Specialized Knowledge and Applications (1 hour)

Program Prerequisites
Basic understanding of Social Security and Medicare planning.

Advance Preparation

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