Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now
Dec 5 8:00 - 4:00 p.m.
Best Western Premier the Central Hotel & Conference Center Harrisburg - Map
8-Tax CPE Credits
Identify who is entitled to retirement benefits and in what amounts, as well as what factors to consider in determining when to take benefits. Discuss taxation of Social Security benefits and how this affects other income tax planning. Get familiar with Medicare, its prescription drug provision, and basic supplementary insurance plans that are available to fill in the gaps in coverage. Highlights
Legislative developments
Determining the best planning options for maximizing joint Social Security benefits
Retirement benefits: amount of benefits in various circumstances and how the amounts are distributed within the family unit
Qualifications
Taxation of Social Security: avoidance tactics
Spousal benefits: should a spouse return to work, what benefits does a spouse have, and when and how do they relate to benefits decisions?
Disability benefits
Social Security: advantages and disadvantages at ages 62, 66, and 70
Coordinating benefits: should you take Social Security first and higher-balance IRA distributions later, or take IRA balances first and enhanced Social Security benefits later?
Pensions: distribution strategies and how to use the minimum distribution rules in concert with Social Security benefits
IRAs: is it time to convert to a Roth?
Medicare Part D prescription drugs
Registration
PICPA Member: $275 Nonmember: $375
More Information
Course No.
653001
Level:
Basic
Prerequisites:
None
Notes
Accepted for CFP® credits
Speaker(s)
Michael Reilly
Michael E. Reilly
Michael E. Reilly, CPA, ChFC, CLU, CASL Sole
Practitioner
Michael E. Reilly, CPA,
is a sole practitioner with offices in West Chester, PA. His
practice focuses on tax and financial planning and consulting for
individuals and small businesses.
In addition to maintaining his practice, Mr. Reilly has been an adjunct
professor at several colleges and was a visiting professor of Economics and
Business at Lafayette College.
Mr. Reilly earned his bachelor’s degree in business administration with an
accounting concentration from Temple University and his master of taxation
degree from Villanova University School of Law. He also holds the Chartered
Financial Consultant (ChFC) and Chartered Life Underwriter (CLU)
designations from the American College.