Course Description

Social Security and Taxes in Retirement Combo course

What you will learn

Social Security and Taxes in Retirement ( Both topics in one session)

Social Security 

 This two hour workshop offers real world strategies and methods designed for those ages 60 and up who are preparing for retirement or are in the early stages of retirement and planning on filing for their Social Security benefits. This workshop is designed to take the confusion out of the many different options available to begin receiving Social Security income and help you determine which option is best for you. Whether you are married or single upon completion you will know how to properly file for your Social Security benefits as well as how to choose the best filing option for your circumstances. You will also learn how income from other sources will affect the amount you are able to receive from Social Security and the tax implications involved.  

TAXES IN RETIREMENT

Efficiently managing your taxes involves many intricate details and strategies — and a clear understanding of
any changes to the tax code. To prepare and plan for the future, we would like to invite you to our class, Taxes in
Retirement. Learn new tax tips and receive reminders on key items to help you reduce your liabilities and meet
your financial goals.

WHAT YOU WILL LEARN:

• How to maximize the amount you are eligible for
  How to avoid common mistakes people make when claiming their benefits
  How to optimize your assets to minimize or avoid paying taxes on your Social Security benefits
  How much income you can make and still draw Social Security
  How Social Security is taxed
  How to file and restrict benefits
  How to claim a spouses benefit even if divorced 
  How and why the marginal tax system differs in your retirement years to your detriment
  Will you really take money out of your IRA at a lower tax bracket than you put it in
  Understand the provisional income calculation on your Social Security payments.

• How to properly file for Social Security benefits

• Understand how Capital Gains and Dividends impact your overall tax liability differently in retirement
  The difference between deductions, exemptions and credits on your tax return.
  Know the 9 different pieces of the tax system
  How IRA Required Minimum Distributions work and effect your tax liability
  How Social Security is taxed
  When Medicare premiums can increase as a result of your income
  Get to know the tools that can be used for tax control

This workshop is strictly informational; no products will be sold or endorsed at the class. The American Financial Education Alliance (AFEA) is not associated with the Social Security Administration or any other government agency.