BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Friday, November 8, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00
CPE
ALL

This course will delve into effective approaches for maximizing Social Security benefits and comprehending the fundamental aspects of Medicare. This comprehensive session will feature two distinguished experts who will unravel the intricacies of Social Security and Medicare, offering invaluable advice on identifying opportunities, addressing potential shortfalls, and recognizing the need for additional support.

Faculty

Margaret O'Brien
Health Insurance Consultant
Zentripy Global Insurance

Ms. O'Brien is a Certified Employee Benefits Specialist with over 25 years' experience in the health insurance market, including 7 years focused on Medicare. She works as a trusted advisor to her clients and their families, educating them on all the parts of Medicare, the key decisions that need to be made, and the deadlines and consequences of each of these decisions. Ms. O'Brien is an independent agent so she is able to objectively review all available plans and help her clients find the right plan based on their particular circumstances. She has received high-praise from her clients in simplifying the abundance of information about Medicare and making them feel comfortable that they made the right choices for their own Medicare needs. Ms. O'Brien has a BBA in Marketing from St. Mary's University and an MBA from Georgia Insititute of Technology.

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Faye Sykes
CEO, Independent Advisor
Social Security Benefit Planners

Ms. Sykes' passion is educating and helping individuals and business owners design workable financial solutions. As an IAR Investment Advisor Representative, she is a fiduciary for her clients and works on a fee-based or fee-only basis that keeps it transparent and simple for her clients. After Ms. Sykes' mother lost her battle with cancer in 2006, she found that retirement planning is a lot more than just investing and earned her Certified Long Term Care Designation and has tirelessly learned as much as she can about Social Security and ways to help her clients maximize their options.

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Description

Social Security is a life insurance, disability insurance, and retirement income benefit earned during your working years. One out of four Americans relies on some assistance--61 million. The average American depends on Social Security for 40-60 percent of supplemental retirement income and 30 percent rely on this for most or all of their retirement income. There are almost 2,800 different regulations that oversee Social Security. Social Security employees are directed to only answer questions but cannot legally give advice.

With proper planning, individuals or couples can potentially see an $8,000 to over $30,000 a year increase in annual retirement income.

Every situation is different. Some clients are or have been married or are widowed; others work for entities not covered by Social Security; factor in minor children, they too may be eligible for important benefits as well. Planning opportunities and recommendations vary based on each individual's life and financial situation.

Listen as our panel of experts dissects these intricate subjects using real life scenarios, offering actionable tips and guidance to optimize Social Security benefits and navigate the essentials of Medicare.

Outline

  1. Navigating the Social Security landscape
  2. The impact of timing
  3. Tailoring answers to individual situations
  4. Social Security in the family context
  5. Medicare overview

Benefits

The panel will cover these and other critical issues:

  • Strategies to maximize Social Security retirement income
  • The nexus between elected retirement age and overall contributions
  • An overview of Medicare and the important changes taking place to Part D as a result of the Inflation Reduction Act
  • Vital insights for grandparents undertaking full-time care of their grandchildren

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify common Social Security planning strategies
  • Ascertain when a client may qualify for additional benefits
  • Determine steps necessary for Social Security eligibility
  • Decide an appropriate retirement age to draw Social Security

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).