Description: NARSSA provides education and resources to Social Security advisors to help clients maximize their Social Security benefits.
Most retirees are confused and misinformed about the topic of Social Security, and many are seeking expert advice. As professionals working in the tax and financial services, many of you may be getting questions from your clients about their Social Security benefits. This module will provide you with detailed basic Social Security information that pertains to all retirees, including a history of the Social Security program, how funding works, how benefits are calculated, descriptions of benefits available f
The Social Security income claiming decision is often more complex for retirees who have special situations such as minor children, a dependent parent, a disabled adult child, or a pension from non-covered employment. Additionally, every year more retirees see their Social Security benefits subject to federal income tax, due to the taxation threshold limits that have not been adjusted for inflation since their initial inception in 1983 and 1994. This critical fact makes the timing of collecting benefits and
Planning to retire requires a major shift from years of working and accumulating wealth to suddenly relying on that nest egg and other sources of income for the retirement years. Recognizing the value of making a smart Social Security income election decision in the context of all other retirement finances is just the start of analyzing cash flow throughout retirement years. Chapter 1 starts out with retirement planning 101, then continues on with a discussion of the retirement planning team, retirement inc