The Advisors Guide to Social Security Benefits

Course Description

This course has been written primarily for financial and insurance advisors to increase their knowledge and comfort zone to be able to assist their clients in navigating the often-complex world of Social Security Benefits. While the rules governing Social Security are complex, this study material will equip the advisor with the information and heuristics to make the most of Social Security benefits. Although there is never just one right answer for the questions client may ask about Social Security, it is important to understand the options available in each client's case.

Learning Objectives

Upon completion of this course the student will be able to:

  • Demonstrate an understanding of the Social Security program, the Trust Funds and their future outlook
  • Determine the methods used to calculate Old-Age retirement, Survivor and Disability Insurance (OASDI) benefits using the Primary Insurance Amount
  • Explain the effects of the Windfall Elimination Provision, the Government Pension Offset, and the Retirement Earnings Test
  • Determine the best age to elect to claim Old-age retirement benefits, and survivor benefits
  • Coordinate spousal benefits and switching strategies to maximize married client benefits
  • Apply the rules that apply to special situations, including widow(er)s, dependents, and divorced spouses to secure the maximum family benefit
  • Know how Social Security benefits are taxed and the effect on retirement tax planning
  • Explain the eligibility rules and benefits of the Social Security Disability Insurance (SSDI) Program and the Supplemental Social Security Income program
Price:  $19.95
Updated:  December 2020
CFP Credit
Credit Hours: 5
Credit Type: General Financial Planning Principles
Provider: Broker Educational Sales & Training, Inc.
Provider #: 2155
Study Level: Intermediate
Exam Details
Monitored: No
Questions: 50
Passing Score: 70%
Retakes: Unlimited