Strategies for Maximizing Social Security Benefits - VIRTUAL
2.00 Credits
Member Price $89
Non-Member Price $114
Overview
As the population of the United States ages, tax practitioners will be asked to advise their individual clients with respect to when they should begin to take Social Security benefits. This program will provide you with the background to knowledgeably discuss the benefit options available to Social Security beneficiaries and the alternative payment options available to married couples, dependents, a surviving spouse, and a divorced individual.
Highlights
- When is a person eligible to take Social Security benefits?
- Factors to consider when selecting an option for taking Social Security benefits
- Is there a best age to start taking Social Security benefits?
- How to maximize Social Security benefit payments for surviving spouses
- How can a divorced spouse collect Social Security benefits based on the work record of a former spouse?
- How minor children can collect Social Security benefits based on the work record of an older parent
Prerequisites
Basic knowledge of individual income taxation
Designed For
Tax practitioners who anticipate advising clients with respect to any aspect of the Social Security system and, particularly, with respect to the time when a client can/should initiate Social Security benefits distributions
Objectives
- Determine what options a given client has with respect to initiating
- Social Security payments
- Identify other factors that could affect a claiming age decision
- Advise divorced clients with respect to their ability to receive
- Social Security benefits from a former spouse
- Advise married clients regarding their options with respect to maximizing Social Security benefits for the couple and for a surviving spouse
Preparation
None
Leader(s):
Leader Bios
Douglas Stives, AICPA
Doug Stives, CPA, MBA is a Professor of Accounting at Monmouth University in New Jersey, where he was named “Outstanding Business School Professor” in 2009. He was a partner for 36 years at The Curchin Group, a CPA firm in New Jersey, where he continues as a tax consultant. Doug has appeared on national and local television including CNN, CNBC, MS/NBC, FOX, PBS and all three major networks. He has been quoted in national publications including The New York Times, The Wall Street Journal, Forbes, Fortune, Money, Business Week, and USA Today. Mr. Stives is a frequent lecturer for several organizations and serves as an instructor for various courses offered by the AICPA and other education providers. He is Past President of the New Jersey Society of CPA’s and also a past member of the AICPA Tax Division Executive Committee and AICPA Council.
Non-Member Price $114
Member Price $89