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

Tuition Includes

• Workshop workbook and handouts
• Complimentary personal strategy session

TUITION FUNDRAISING ALLOCATION: 

By attending this class, you are supporting our efforts to give back to our local community. Proceeds are donated to the Chapter President’s charity of choice.  We thank you for your support!

AS AN ADDED BONUS FOR ATTENDING THIS WORKSHOP

All course attendees will automatically receive a COMPLIMENTARY Membership to the American Financial Education Alliance (AFEA) where you will gain 24/7 access to the following:

• A Personal Dashboard: multiple financial tools at your fingertips
• Personal Calendar: schedule of upcoming AFEA events & classes
• 32 Financial Calculators: Social Security benefits estimator, Roth IRA calculator, 15/30 year mortgage comparison calculator, home budget calculator and many more
• Training Videos: AFEA On-Demand brings you financial training videos that you can watch at your leisure, reinforcing the topics and strategies taught in the class
• Free Personal Financial Coaching: direct access to a Personal Financial Coach via Direct Messaging for financial questions and concerns
• AFEA’s E-newsletter: up-to-date financial news, tips and advice to keep you on the road to financial success
• Free Downloads of Popular Periodicals & Reports:
  • Earnst & Young LLP: Retirement Vulnerability of New Retirees
  • Rex Voegtlin: The Top Social Security Misconceptions
  • The Wharton School of Business: Retirement Security and the Financial and Economic Crisis
  • Putnam Institute: Optimal Asset Allocation in Retirement
  • Center for Retirement Research as Boston College: The Social Security Claiming Guide

Who Should Attend

• Individuals and couples 60 and up wanting to gain more knowledge and training to help maximize their Social Security benefits and understand taxes in retirement. 
• People who simply want to better understand how to file for Social Security and how that affects their taxes.   

Information and Legal Disclosure about AFEA

AFEA, The American Financial Education Alliance, is recognized by the IRS as a 501(c)(3) non-profit charitable organization that provides educational workshops and classes in businesses and universities nationwide. Our Instructors are licensed and trained financial professionals with a minimum of five (5) years of real world experience in their field. They have been required to pass a series of training sessions on how to properly educate in a not for profit setting before becoming a Personal Financial Coach and Instructor with AFEA. AFEA courses and workshops do not promote or endorse any specific products or companies and no selling is allowed. AFEA educational workshops and courses are for general education only and are not intended to be construed as Investment, Tax, Legal or Financial Advice. Attendees should seek the assistance of a professional familiar with the course prior to implementing any of the ideas and strategies taught or discussed in the course.

Hypothetical and/or actual historical returns contained in this presentation are for informational purposes only and are not intended to be an offer, solicitation, or recommendation. Rates of return are not guaranteed and are for illustrative purposes only.

Projected rates do not reflect the actual or expected performance within any example or financial product. Past performance does not guarantee future results.

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.