Social Security Planning

What You Will Learn

• 1 Learn the foundational principles of Social Security, including eligibility, credits, and the structure of the OASDI program.
• 2 Understand how your Primary Insurance Amount (PIA) is calculated using your earnings history and the benefit formula.
• 3 Analyze different claiming strategies to optimize your monthly benefits and lifetime income.
• 4 Understand spousal and survivor benefits, including eligibility rules and coordination strategies.
• 5 Learn how Social Security benefits are taxed and strategies to minimize tax impact.
• 6 Evaluate the implications of working while receiving benefits, including the earnings test and its effects.
• 7 Integrate Social Security with other retirement income sources such as pensions, 401(k)s, and IRAs.
• 8 Understand the Social Security Disability Insurance (SSDI) program and its interaction with retirement benefits.
• 9 Navigate the relationship between Social Security and Medicare, including enrollment timing and premium deductions.
• 10 Apply Social Security planning within estate and tax planning contexts, including survivor income and Roth conversions.