Social Security for the financial professional by Andy Landis

Cover of: Social Security for the financial professional | Andy Landis

Published by American Institute of Certified Public Accountants in New York .

Written in English

Read online


  • United States


  • Social security -- United States -- Handbooks, manuals, etc

Edition Notes

Book details

Statementby Andy Landis.
ContributionsAmerican Institute of Certified Public Accountants. Continuing Professional Education Division.
LC ClassificationsHD7125 .L258 1995
The Physical Object
Pagination1 v. (various pagings) :
ID Numbers
Open LibraryOL878759M
LC Control Number95165884

Download Social Security for the financial professional

1. Social Security Made Simple by Mike Piper. Seriously though, you should read at least one of these two books at some point in your life. The ideal time is probably in your early sixties, but if you’re curious, you could muddle through one or both of them before then.

The first book is Mike Piper’s Social Security Made Simple. Mike is a genius, by the way. The section of how Social Security amount is calculated start at 19% of the book, and I found that formula interesting.

The author addresses Budget Bill (sectionClosure of Unintended Loopholes) that effected Social Security rules, specifically the approach to claiming your social security benefits in order to maximize your retirement income/5(). Other Social Security Information. Get Or Replace A Social Security Card; Change a name on a Social Security card; Identity theft and your Social Security number; Reporting the death of someone getting benefits; Under certain circumstances, Social Security can provide a speaker to discuss our programs, benefits, and services.

As the baby boomers move into their retirement years, tax and financial professionals are likely to encounter questions from their clients about Social Security and Medicare. The Social Security and Medicare Quickfinder Handbook is an affordable, easy-to-use Handbook that provides the answers you need quickly.

Social Security was never supposed to be a part of the general Federal Budget. Unlike most other federal programs, Social Security is self-funding. The Social Security Act created a special payroll tax to be used exclusively for funding Social by: Social Security Pro is backed by Impact’s 38 years experience creating financial planning software.

Thousands of rules and calculations are no excuse for a complex interface or presentation. Good software does the hard work behind the scenes and creates a presentation your client can understand easily.

President George W. Bush, who campaigned for personal Social Security investment accounts, appointed () a commission that offered several options for allowing individual investments in stocks and bonds as part of the Social Security program and for securing the program's financial health; it estimated that it would take as much as $3 trillion of additional.

Book Description. Get the benefits you’ve earned Social Security For Dummies is the one guide you need to navigate the often-complex world of Social Security updated edition offers clear guidance on when to claim benefits, how much you can expect to receive, where to find Social Security calculators, and so much more.

Social Security representatives in the field offices usually obtain applications for disability benefits in person, by telephone, by mail, or by filing online. The application and related forms ask for a description of the claimant’s impairment (s), treatment sources, and other information that relates to the alleged disability.

To Get All The Social Security You Deserve, Read A Book That Shouldn't Need To Exist as well as a source for my own Social Security and financial I take away from the book, and from my Author: Janet Novack. Financial Ducks In A Row • Independent financial advice: IRA, Social Security, income tax, and all things financial says: Aug at pm A Little-Known Social Security Spousal Benefit Option [ ].

Created by economics professor Larry Kotlikoff, who recently published a very widely read book on Social Security planning called “Get What’s Yours: The Secrets To Maxing Out Your Social Security”, Kotlikoff was arguably one of the first academics to really make the case of how much opportunity there is to plan around the timing of Social Security benefits.

Here's a common scam related to Social Security that has been used to trick many seniors out of their critical and limited funds. Image source: Getty Images. Let's set the stage first, though.

Tax and Financial Professionals wanting to broaden their knowledge of the impact a Social Security election decision has on women and ways professionals can help women.

Consumers, especially women, who want to become educated on SS for their retirement planning. Social Security, managed by the U.S. federal government, pays benefits to retirees. Social Security benefits are one part of a broader retirement plan. These benefits can supplement other sources of retirement income, such as (k)s, individual retirement accounts or.

Social Security rules: For more background on changes in claiming strategies, the Social Security Administration has set up a page for advisers. Social Security Timing: Another claiming strategy Author: John F. Wasik. From Social Security For Dummies, 3rd Edition. By Jonathan Peterson.

Social Security is part of virtually every American’s life in retirement, if not sooner. If you’re like most people, you’re aware that when you start collecting retirement benefits affects how much money you get, but you’re not sure what that means for you.

With pensions a thing of the past for most workers, Social Security remains the largest source of guaranteed lifetime retirement income," says Stephanie Genkin, CFP®, founder of My Financial. The Financial Advisor’s Guide to Savvy Social Security Planning for Boomers This plus page action guide by Elaine Floyd, CFP®, walks you through the major aspects of Social Security planning from the point of view of your clients who are incorporating Social Security into a comprehensive retirement income plan.

We like Maximize My Social Security's easy-to-use tools and reports. They can give you an in-depth analysis of the best time to claim benefits. However, it's geared primarily toward people who are nearing retirement.

Maximize My Social Security Features. $ - $/ year. #N#Investment Tracking. Web Based, iOS, Android.4/5. When someone dies, their Social Security benefits may become available to their current or former spouse, depending on certain circumstances. But even if there’s no death, you can collect a Social Security spousal benefit equal to half of what your spouse gets, if that’s higher than what you’d get on your own.

Here’s what you need to know. This increase in payroll tax collected should put Social Security on better financial footing. If you're curious, the TCJA does appear to have had a.

The Social Security Plan Specialist (SSPS) program will enable you to better advise this increasing number of individuals who are seeking expert guidance to better understand the complicated and often confusing interaction of Social Security, Medicare, Long-Term Care insurance, Medicaid and taxes.

Choosing when and how to claim Social Security can make or break a retirement. At last there's software that can help you make this important decision, and find a financial planner who knows about. The Social Security Act, signed into law by President Franklin D.

Roosevelt increated Social Security, a federal safety net for elderly, unemployed and. Social Security is a crucial part of retirement planning so financial advisors are helping retirees choose the right age to claim benefits and break even or better.

34 Social Security ‘Secrets’ All Baby Boomers and Millions of Current Recipients Need to Know By Laurence Kotlikoff The Social Security Handbook has 2, separate rules governing its : Laurence Kotlikoff.

The Adviser’s Guide to Retirement and Elder Planning: Social Security Planning: a benefi-cial tool for all practitioners. Theodore J. Sarenski, CPA/PFS, CFP®, AEP: Ted is the principal author of this guide.

He is the president and CEO of. Blue Ocean Strategic Capital, LLC. With more than 30 years’ experience as a CPA and over 20 years as File Size: KB. The access to financial insistutions (AFI) is an electronic process that assists SSA in verifying bank account balances for participating banks to determine SSI eligibility.

AFI also helps SSA detect undisclosed accounts by searching for accounts at up to 10 banks based on the individual’s or representative payee’s address. Start studying Personal Finance: Unit 2- Social Security and Medicare. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Using data provided by Morningstar ®, we've created a sales tool that enables you to research subaccount performance within our Nationwide family of products. With our Fund Evaluator Tool, you can search for and analyze subaccounts for individual variable annuities, variable life products and group retirement plans.

Financial Professionals Login. Financial Professionals love Maximize My Social Security because the software suggests safe ways to make their clients tens if not hundreds of thousands of doll Baby Boomers are retiring every day and need to make Social Security benefit decisions.

David focuses on retirement income planning to get you to and through retirement. With Senior Financial Center’s Social Security Maximization Report, David shows married couples how it may be possible to qualify for higher combined Social Security benefits if they use the appropriate strategies available to them.

Even better: If you have sufficient savings and don’t need your Social Security benefits for living expenses, think about claiming your Social Security early and work with your SmartVestor Pro to invest every penny.

If you invest $ a month from age 62 to you could potentially have another $, saved. Sadly, there is no one-size-fits-all rule. But the book offers different strategies to maximize your benefits depending on your marital status, age, earnings, and financial.

The Social Security Administration has more than 1, offices that serve thousands of beneficiaries every day. By Mark Miller Bernie Sanders Hits Joe Biden on Social Security: ‘Go to.

For additional services such as finding out your maximum social security benefits and getting your max earnings on social security, please call Marc Kiner or Jim Blair at Get news from Premier Social Security Consulting in your inbox. We published the results of our initial research in the May issue of the Journal of Financial Planning.

We then furthered our research, as published in Social Security Strategies, a technical book written for financial advisors to help them better assist their clients in.

“I still think Social Security planning is a viable area for advisors to add value for clients,” says Prather, a wealth planner at Keystone Financial Consulting, a division of Payne Wealth. Most people when they think of Social Security think retirement benefits.

But Social Security also contains benefits for total disability. However, Social Security won’t consider you disabled if you can do just about any gainful occupation or if you can work part time.

That is why people disabled with Parkinson’s often have difficulty collecting the first time they apply. Social Security is one of the most important factors in older people's financial lives.

Yet the available information on the system is often contradictory or : Annie Nova.Social Security A program of the United States federal government that provides income to disabled and (especially) elderly people. That is, persons who have paid into the Social Security system for a certain period of time are eligible to receive what amounts to a government pension in retirement or in the event of disability.

It is paid out of the. Open Social Security: Start at age 69 and 4 months. Financial Engines: Start at age Although Open Social Security suggested a slightly different starting date, it also shows if she starts at Author: Harry Sit.

30857 views Monday, November 9, 2020