Social Security: Bridging to Retirement Planning

Study Level: Advanced
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Specialized Knowledge


This is an advanced level course and it is highly recommended that registrants have taken both basic and advanced level Social Security income planning courses.  It is meant for participants who have a detailed familiarity with Social Security rules and strategies and wish to incorporate this knowledge into retirement financial plans for clients in order to increase their retirement income and portfolio longevity.

Course Description:

Your clients may be aware of the effect of an educated, well-timed Social Security income election decision however, that decision is just the foundation of a well-designed retirement plan.  
Coupled with goal-setting strategies, early planning of retirement asset fund allocations, well-planned distribution and drawdown strategies, and a detailed understanding of Social Security income taxation, you will have the ability to boost your clients’ retirement income and increase the longevity of their portfolios.

This course will provide you with the details and strategies needed to understand the interplay between Social Security, other income, and the withdrawal sequence from retirement accounts.  

Taxation of Social Security income, in particular, plays a large part in the final net funds available to retirees, especially as they reach age 70 ½ and have Required Minimum Distributions from IRA accounts.

Topics covered include:

  1. A summary of the Social Security rule changes in the Bipartisan Budget Act of 2015
  2. The 3 phases of retirement
  3. Goal-setting for the Golden Years
  4. Social Security income planning – it’s just the foundation
  5. The value of early planning of retirement fund allocations, qualified vs. non-qualified accounts
  6. How Social Security income taxation is determined
  7. What to consider when structuring the sequential withdrawal of assets in retirement
  8. How Social Security income taxation management can increase retirement standard of living
  9. How to determine if and what other financial products, such as annuities and life insurance, are needed
  10. Software for retirement planning and goal setting
  11. Resources, further education
  12. Conclusion

Learning Objectives:

Upon completing this course participants will be able to:

  • Identify the 3 phases of retirement
  • Identify the information needed to set goals for a retirement financial plan
  • Calculate Combined (Provisional) Income
  • Pinpoint why Social Security income planning is the “foundation” of a retirement plan
  • Select the two different combined income thresholds for single and married and the portion of Social Security income that may then be subject to taxation
  • Differentiate between a qualified and a non-qualified retirement account
  • Single out the more advantageous tax situation given two sample cases
  • Determine which type of software would be most useful in a given situation
  • Calculate the tax on Social Security income and the total amount of tax for a given case example
  • Identify the key components of a solid financial retirement plan
Date Filmed: January 2016
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