Complex Social Security Rules and New 2024 Values - Sponsored by RSSA

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Description

Complex Social Security Rules and New 2024 Values - Sponsored by RSSA
IRS Program #: N/A
CE: none
Speakers: Martha Shedden and Melissa Warren

Only 4% of retirees optimize their Social Security benefits, and as an Enrolled Agent, you are well positioned to assist your clients with this complex decision.

In the new year, there are new values which impact Social Security benefits, including the COLA, earnings limits, maximum taxable earnings, PIA bend points, and more.
Understanding the rules that apply to your clients’ personal circumstances can increase their benefit by tens and even hundreds of THOUSANDS of dollars over their lifetime.

Join us for this presentation which reviews basic concepts,new information for 2024, then covers some complex Social Security rules and how to apply them to working with prospects and clients. We will cover rules and real client case studies related to:

Calculating retirement benefits 
How the COLA applies to benefits
The most common Social Security pitfall: earnings limits
Unique considerations for survivor benefits

Learning Objectives

Explain how Social Security benefits are calculated.
Recall the changes for Social Security to consider for your clients in 2024.
Specify who qualifies for dependent benefits and how their benefit amount is calculated.
Identify claiming strategy options for a widow(er) who is eligible for retirement and survivor benefits.
Choose optimalfiling times for client case examples.

Contributors

Martha Shedden

About Martha
Martha Shedden is President and Co-founder of the National Association of Registered Social Security Analysts, NARSSA, and is a Chartered Retirement Planning Counselor (CRPC).

Martha was introduced to the topic of Social Security in 2011 and in 2014 began teaching CPE/CE Social Security courses to finance and tax professionals through several online providers.

Recognizing the demand for retirees to obtain personalized Social Security guidance on specific rules affecting their claiming decisions, she launched her business, Shedden Social Security & Retirement Planning in 2015 to provide Social Security claiming analyses services.

In 2017 Martha and Michael Rosedale, a CPA, co-founded NARSSA to provide online education and training for financial and tax professionals to become Registered Social Security Analysts (RSSA).

Martha has over a decade of experience providing Social Security education, consulting, and analyses and is the author of numerous Social Security white papers, seminar presentations and articles in financial publications.

NARSSA Company Info
Martha co-founded NARSSA in 2017 with Michael Rosedale to provide online education and training for financial and tax professionals to become Registered Social Security Analysts (RSSA). As a CPA, Michael recognized the market for Social Security education in the broader financial market space.

The five module RSSA program provides a thorough knowledge of the Social Security program and trains participants using software on how to analyze clients’ claiming options to obtain their maximized Social Security income by filing for benefits at the optimal time. The modules provide CE/CPE units for NASBA, the CFP Board, and the IRS.
NARSSA also provides professional partner opportunities for members of various national financial organizations and has added consumer Social Security analyses fulfillment services for the clients of tax and financial professionals.
Melissa Warren, RSSA Director of Partner Development at NARSSA

Melissa Warren, RSSA is the Director of Partner Development at NARSSA. In this role, Melissa works with organizations to facilitate the education of financial professionals in Social Security and support the resultant growth in business. Drawing from client cases, she uses her experience to contribute to the coursework and continuing education courses needed to earn and maintain the RSSA designation. Melissa has a BS in Biomedical Engineering from the University of Utah and lives in Santa Cruz, California.

Thank you

Description

Contributors

Martha Shedden

Melissa Warren, RSSA Director of Partner Development at NARSSA