Lifecycle Financial Planning – Social Security Planning

Social Security and Medicare benefits remain an integral part of the financial planning process for many clients, yet CPAs often feel unprepared to talk about these topics. Clients often want to know when they will qualify for benefits, how they obtain benefits, and if these benefits will even be available once they retire. Through easy-to-understand examples and discussion, this course will review the fundamentals of the Social Security and Medicare systems. It will also help practitioners begin to identify planning opportunities that may be available for current and future clients.

Learning Objectives

After completing this course, you will be able to:
•Recall the different types of Social Security benefits
•Indicate the tax treatment of Social Security benefits
•Estimate the benefit change when one takes benefits before and after the full retirement age
•Identify differences between commercial disability insurance and social security disability benefits
• Recall how Social Security may be incorporated into a client’s financial plan
•Identify the different parts of Medicare
•Recognize the difference between Medicare and Medicaid

Major Topics
  • Overview, Basic Terms, & Program Funding
  • Insured Statuses & Calculating
  • Calculating Retirement Benefits
  • Survivor Benefits
  • Taxation of Social Security Benefits
  • Social Security Disability Benefits
  • Medicare Coverages
  • Common Financial Planning & Client Questions

Who Should Attend

CPAs who have clients that are nearing retirement or asking questions about Social Security and Medicare benefits

Fields of Study


Working knowledge of individual tax concepts

Business Learning Institute

CPE Credits


This course is available for your group as:


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