CPE Course Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know Now

November 6, 2018

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after October 16 and pay $279.00
Non-member Price $359.00Register after October 16 and pay $379.00

Curriculum Taxation

Field of Interest Specialized Industry, Taxation (General), Retirement Planning, Benefits

Level Beginning

Designed For

Practitioners who have baby boomer clients with significant wages or earned income


Social Security seems poised for changes in benefits and eligibility age. The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad of all the other related retirement planning issues.

Learning Objectives:
* Identify who is entitled to retirement benefits and in what amounts
* Identify factors to consider in determining when to take benefits
* Discuss taxation of Social Security benefits and how this impacts other income tax planning
* Identify and describe the potential effects of retirement and estate planning strategies and tactics that can enhance overall retirement and estate benefits by changing the “who” and “when” of the receipt of Social Security benefit payments
* Explain Medicare and the prescription drug provision; describe the basic supplementary insurance plans that are available to fill in the gaps in basic Medicare coverage


* Legislative developments
* A full chapter devoted to determining the best planning options for maximizing joint Social Security benefits
* Retirement benefits: Amount of benefits in various circumstances; how the amounts are distributed within the family unit
* Qualification: Has the client retired? How business entities may be used for Social Security advantage
* Income taxation of Social Security: avoidance tactics
* Spousal benefits: Should a spouse return to work? What benefits does a spouse have and when and how do they relate to benefits decisions by the client?
* Hiring the spouse: When is it effective?
* Disability benefits
* When to start Social Security benefits: Advantages and disadvantages at ages 62, 66, and 70
* Coordinating benefits: Should you take Social Security first and higher-balance IRA distributions later, or take IRA balances first and enhanced Social Security benefits later?
* Pensions: Distribution strategies; how to use the minimum distribution rules in concert with Social Security benefits
* IRAs: Is it time to convert to a Roth?
* Medicare, Part D prescription drugs: what retirees need to know


Neil A. Brown

Neil Brown currently advises clients at Burkett Financial Services (BFS) on a wide variety of personal financial planning issues, including distributions, retirement, income tax, insurance, education, investments, and estate tax. Prior to joining BFS, Mr. Brown headed the financial planning department at a large fee-only financial planning firm. Prior to that, he was a senior consultant with the Carolinas Financial Counseling Services Practice of Deloitte and Touché, where he spent the majority of his time advising executives and employees of a Fortune 500 company on retirement, insurance, investment, income, and estate planning. In addition to his membership in several CPA and financial planner organizations, Mr. Brown was also the Program Coordinator for the CFP ® Certification Education Programs at Midlands Technical College and the University of South Carolina, as well as a national instructor for Keir Educational Resources' CFP ® review. He has also been quoted in and authored articles for various financial-planning publications. Mr. Brown received both his bachelor's degree in business and his Master of Accountancy from the University of South Carolina.close




Surgent McCoy CPE, LLC

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