Financial Planning

Maximizing Social Security

Course #: 6030861002
Course Description:

Social Security is one of the most valuable and least understood benefits available to retirees today. Advance planning is essential, and the decisions you make now can have a tremendous impact on the total amount of benefits you stand to receive over your lifetime. This educational workshop will provide you with much needed information to help you understand the system, coordinate spousal and survivor benefits, minimize taxes, and maximize your personal benefits. Whether you´re single, married, divorced, or widowed, there may be ways to maximize the lifetime Social Security benefits you receive. It’s important to have a good understanding of these issues:• How married couples can coordinate benefits to help enhance spousal and survivor benefits
• Claiming a spousal benefit while earning delayed retirement credits
• How the “file and suspend,” “do over,” and “start, stop, restart”
strategies work • How working could affect your benefits, and the taxability of Social Security benefits
• How claiming worker benefits early could lower your spousal benefit at your full retirement age
• The effect of remarriage on survivor benefits for widowed and
divorced spouses One of the most important decisions you need to make before you retire is when and how to claim Social Security benefits. About half of retirees apply for Social Security as soon as they become eligible at age 62, but by doing so, they may significantly and permanently impact their income and benefits for the rest of their lives. The difference between the best and worst possible decision of when to start Social Security can be well over $100,000. Learn important rules that affect the amount of retirement benefits you collect, as well as strategies for coordinating Social Security with other sources of retirement income!

Class No: 3262
Delivery: Class
Fees Under 62: $30.00
Fees Over 62: $28.00
Instructor: Schmitz
Tue at Fieldside Center 102

The Fieldside Center (formerly known as the Day Care Center) is located on the Nicolet College Rhinelander Campus on Nicolet Way (formerly known as Day Care Drive)