Description
This program will help financial advisors identify factors that impact Social Security. Financial advisors will have a better understanding of scenarios around Social Security and can help guide their clients for better decision making as they enter retirement.
Learning Objectives
• Work and earnings history – With the help of their financial advisors, clients will get a better understanding of how earnings and work history affect Social Security benefits. Financial advisors will show their clients the advantage of delaying benefits and together discuss what is best for the client.
• Timing of when to start taking benefits – Financial advisors will learn the impacts of taking Social Security early and can share this knowledge with their clients to make the best decision, based on their financial situation.
• Marital status, past and present – Financial advisors will gain knowledge on Social Security impacts regarding spousal benefits, divorced spousal benefit, survivor and individual benefit status, survivor benefit with divorced spouses. Understanding marital statis topics will help clients as they reach or are in retirement and have discussions with their financial advisors. The financial advisor can partner with their clients to make the best decision for their financial future.