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Optimizing Social Security Retirement Benefits

Topic

Retirement Savings and Income Planning

Program ID

233500

Hours

1

Format

Self-Study / Article review

Complexity

Intermediate

Description

Materials cover strategies to help optimize Social Security Retirement Benefits, including: electing early Social Security retirement benefits, delaying Social Security retirement benefits, increasing average indexed monthly earnings amount (AIME), integrating Social Security with other reitrement plans, planning for earned income in retirement and timing earnings in retirement to optimize Social Security retirement benefits.

Learning Objectives

Explain how a client may qualify for Social Security benefits. Explain the computation of the Average Indexed Monthly Earnings (AIME) and the Primary Insurance Amount (PIA). Assist a client in selecting the optimal date to begin receiving Social Security benefits. Explain the impact of the retirement test, the windfall elimination and the government pension offset on benefits.