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Five Keys to Profitable Social Security Planning
Thursday, November 21 at 4:00 PM ET/1:00 PM PT
In a world of uncertainty, Social Security is one source of income retirees can count on. But the amount of Social Security income any one client receives is far from a sure thing. It depends on certain decisions clients make during their working years and at the time of retirement. Given that most people are NOT making optimal Social Security decisions, opportunities abound for financial advisors who are well-versed in Social Security rules and strategies to guide existing clients and unlock the key to a steady flow of new business by educating qualified prospects on how they can maximize their Social Security income.
“5 Keys to Profitable Social Security Planning” will cover:
- How benefits are calculated—The nuts and bolts of earnings, indexing, bend points, etc. Essential for understanding how a client’s retirement age can affect their Social Security income.
- How claiming age affects the benefit amount—Retirement age and claiming age do not have to be the same. Why it sometimes makes sense to retire first, claim later.
- Spousal rules and strategies—The rules have tightened, but you still need to know when a spouse may be entitled to a spousal benefit and how it is calculated, especially if the spouse is also entitled to benefits on their own record.
- Survivor benefits—Who is entitled to them and when? Learn the special strategy for widows who also qualify for their own retirement benefit.
- What’s in it for you—How financial advisors are using Savvy Social Security Planning tools and resources to educate people on Social Security and bring in new clients for overall retirement income planning.
Presenter:
Your workshop will be led by Elaine Floyd, CFP®, Horsesmouth’s Director of Retirement and Life Planning. Elaine is the author of The Financial Advisor’s Guide to Savvy Social Security Planning and The Financial Advisor’s Guide to Savvy Medicare Planning. She is often quoted in leading publications including the Wall Street Journal, Kiplinger’s Retirement Report, Marketwatch’s Retirement Weekly and other publications.