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.
653002
Level:
Basic
Prerequisites:
None
Notes
Accepted for CFP® credits.
Speaker(s)
Edward Harter
Edward A. Harter, CPA
Edward A. Harter, CPA
Edward A. Harter is a general practitioner in Canton, Ohio, who provides
accounting and tax services to his clients.
Harter has been a partner in a multi-office firm with ten partners, a
one-office firm with two partners, and a sole practitioner with only one support
person. He has instructed CPE programs for 39 years and has presented CPE in all
50 states with consistent “excellent” ratings from program participants. He is
continually commended for his ability to reduce complicated tax concepts to
understandable English with his “real world” examples. In addition, he has held
a number of leadership positions in The Ohio Society of CPAs.