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Social Security and Medicare: Planning for You and Your Clients Webcast

CPE

When
Nov. 11
8:00 a.m. - 4:00 p.m.

CPE Credits
8-Tax

Details

 Pricing

PICPA Member: $259 | Nonmember: $359


 More Information

Course No.
653000
Level
Basic
Prerequisites
None
Note
Accepted for CFP.

Description

Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement and estate planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad other related retirement planning issues.

Highlights

  • Legislative developments
  • A full chapter devoted to determining the best planning options for maximizing joint Social Security benefits
  • Retirement benefits: Amount of benefits in various circumstances; how the amounts are distributed within the family unit
  • Qualification: Has the client retired? How business entities may be used for Social Security advantage
  • Income 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 by the client?
  • When can hiring the spouse increase overall benefits?  Why should both spouses qualify for survivor benefits?
  • Disability benefits
  • When to start Social Security benefits: Advantages and disadvantages at ages 62, full retirement age, 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; 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: what retirees need to know


Speaker(s)

Dennis Riley, CPA, MBA

Dennis Riley has more than 25 years of experience in accounting, consulting, tax preparation, and government representation. He specializes in the tax and business needs of individuals, families, and entrepreneurial small businesses. The Vision Project identified him as an early adopter of new technology and new integrations of accounting and consulting information. He is a frequent lecturer on topics related to taxation and closely-held businesses.

Riley’s experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving, and tax preparation. He has resolved multiple-year filing issues, organization issues, and business transition problems.


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