Learning Center

Optimizing Social Security Benefits is Still Complicated

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After discussing Social Security rule changes in November 2015, William Reichenstein presents 10 reasons why it is still complicated to determine when clients should claim their benefits. There are now two sets of rules depending upon date of birth and with the SSA's use of strange dating features, many new retirees have different full retirement ages for retirement and spousal benefits than for survivor benefits. In this course, presented at FPA Annual Conference 2019, learn about clients options to redo a prior claiming decision and other complications  around claiming strategies for widow(er)s younger than 70, for earnings tests, children’s benefits, divorced benefits, disability benefits, and especially pensions from work not covered by Social Security. 

  • Describe recent rule changes and strategies related to Social Security changes specifically new rules around date of birth
  • Explain the rules affecting and claiming strategies related to earnings tests, children’s benefits, divorced benefits, disability benefits, and survivor benefits
  • Define how the WEP and GPO affect benefits for clients that receive a pension from a job not covered by Social Security and their spouses

William Reichenstein, PhD, CFA

Head of Research, Social Security Solutions, Inc. & Retiree, Inc.

Dr. William Reichenstein, CFA, is the Head of Research at Social Security Solutions, Inc. and Retiree, Inc. He is Professor Emeritus at Baylor University. He has published more than 190 articles and several books including Social Security Strategies, 3rd Edition, with William Meyer. He is taking the lead in writing a book that coordinates two client decisions. First, when should individuals begin Social Security benefits? Second, how can clients tax-efficiently withdraw funds from their financial portfolio just using the tax code to make their portfolio last longer? He is a member of Wall Street Journal’s “The Experts” panel.

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Optimizing Social Security Benefits is Still Complicated
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Exam
5 Questions  |  2 attempts  |  4/5 points to pass
5 Questions  |  2 attempts  |  4/5 points to pass
Course Evaluation
7 Questions
Certificate of Completion
1.0 CFP CE credit  |  Certificate available
1.0 CFP CE credit  |  Certificate available