COVID-19's Impact on Social Security Claiming Decisions

4.5 (14 votes)

Recorded On: 10/05/2020

Social Security benefits represent one of the few sources of guaranteed income that retirees can count on for life. Deciding when and how to claim Social Security benefits is one of the most important decisions that retirees will ever make, but the rules are complicated. 

In this session, you will:

1. Understand how claiming age affects the amount of Social Security benefits received by retirees and their surviving spouses;

2. Learn how earnings from a job can reduce benefits if claimed before full retirement age and what to do if you retire after exceeding annual earnings limits;

3. Discover strategies to reverse early claiming decisions and create larger future benefits.

Approved for one (1) hour of Continuing Education Credit

Mary Beth Franklin

CFP

Key:

Complete
Failed
Available
Locked
COVID-19's Impact on Social Security Claiming Decisions
10/05/2020 at 1:00 PM (EDT)   |  120 minutes
10/05/2020 at 1:00 PM (EDT)   |  120 minutes Social Security benefits represent one of the few sources of guaranteed income that retirees can count on for life. Deciding when and how to claim Social Security benefits is one of the most important decisions that retirees will ever make, but the rules are complicated. While there has been a growing appreciation in recent years of the value of delaying Social Security to maximize lifetime benefits, the COVID-19 pandemic and its devastating impact on the economy has prompted some Americans to rethink their previously planned Social Security strategy. Whether responding to job loss or market volatility concerns, claiming Social Security earlier than planned can resolve some immediate income needs. In this session, you will: 1. Understand how claiming age affects the amount of Social Security benefits received by retirees and their surviving spouses; 2. Learn how earnings from a job can reduce benefits if claimed before full retirement age and what to do if you retire after exceeding annual earnings limits; 3. Discover strategies to reverse early claiming decisions and create larger future benefits.
Certificate
1.00 CE credit  |  Certificate available
1.00 CE credit  |  Certificate available