Understanding Social Security and Retirement Income Planning

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Understanding Social Security and Retirement Income Planning

As retirement approaches, one of the most significant financial choices you'll face is determining when to commence receiving your Social Security retirement benefits. In an era where traditional pensions are becoming increasingly rare, Social Security stands out as a pivotal source of dependable, lifelong retirement income for the majority of Americans. Therefore, it is crucial to invest the time in examining your available options and making a well-informed, thoughtful decision.

Retirement income planning is a comprehensive process aimed at gauging the financial requirements for your retirement years, enabling you to maintain the desired lifestyle during this phase of life. The essence of this process lies in strategically positioning your assets to generate the necessary income. While there is no universal "one-size-fits-all" plan, there are actionable steps you can take to enhance the likelihood of achieving a financially secure retirement.

What You Will Learn

  • How to properly file for Social Security benefits
  • How to maximize the amount you are eligible for
  • How to avoid common mistakes people make when claiming their benefits
  • How to optimize your assets to minimize or avoid paying taxes on your Social Security benefits
  • How much income you can make and still draw Social Security
  • How Social Security is taxed
  • How to file and restrict benefits
  • How to claim a spouses benefit even if divorced
  • How to plan for when your retirement will start, (including the impact of early retirement, delayed retirement, and working in retirement), how long it will last, and the retirement lifestyle you want 
  • Steps to estimate the amount of money you'll need in retirement to meet your goals, factoring in health-care costs, taxes, and inflation 
  • How to supplement fixed income sources such as Social Security and an employer pension with your retirement savings, including the products and investment strategies you should consider, a sustainable withdrawal rate, and the best order to tap various accounts
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Tuition Includes

  • Workshop workbook and handouts
  • Complimentary personal strategy session
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TUITION FUNDRAISING ALLOCATION: 

By attending this class, you are supporting our efforts to give back to our local community. Proceeds are donated to the Chapter President’s charity of choice.  We thank you for your support!

AS AN ADDED BONUS FOR ATTENDING THIS WORKSHOP

All course attendees will automatically receive a COMPLIMENTARY Membership to the American Financial Education Alliance (AFEA) where you will gain 24/7 access to the following:

  • A Personal Dashboard: multiple financial tools at your fingertips
  • Personal Calendar: schedule of upcoming AFEA events & classes
  • 32 Financial Calculators: Social Security benefits estimator, Roth IRA calculator, 15/30 year mortgage comparison calculator, home budget calculator and many more
  • Training Videos: AFEA On-Demand brings you financial training videos that you can watch at your leisure, reinforcing the topics and strategies taught in the class
  • Free Personal Financial Coaching: direct access to a Personal Financial Coach via Direct Messaging for financial questions and concerns
  • AFEA’s E-newsletter: up-to-date financial news, tips and advice to keep you on the road to financial success
  • Free Downloads of Popular Periodicals & Reports:
    • Earnst & Young LLP: Retirement Vulnerability of New Retirees
    • Rex Voegtlin: The Top Social Security Misconceptions
    • The Wharton School of Business: Retirement Security and the Financial and Economic Crisis
    • Putnam Institute: Optimal Asset Allocation in Retirement
    • Center for Retirement Research as Boston College: The Social Security Claiming Guide

Who Should Attend

  • Individuals and couples 60 and up wanting to gain more knowledge and training to help maximize their Social Security benefits
  • People who simply want to better understand how to file for Social Security

Information and Legal Disclosure about AFEA

AFEA, The American Financial Education Alliance, is recognized by the IRS as a 501(c)(3) non-profit charitable organization that provides educational workshops and classes in businesses and universities nationwide. Our Instructors are licensed and trained financial professionals with a minimum of five (5) years of real world experience in their field. They have been required to pass a series of training sessions on how to properly educate in a not for profit setting before becoming a Personal Financial Coach and Instructor with AFEA. AFEA courses and workshops do not promote or endorse any specific products or companies and no selling is allowed. AFEA educational workshops and courses are for general education only and are not intended to be construed as Investment, Tax, Legal or Financial Advice. Attendees should seek the assistance of a professional familiar with the course prior to implementing any of the ideas and strategies taught or discussed in the course.

Hypothetical and/or actual historical returns contained in this presentation are for informational purposes only and are not intended to be an offer, solicitation, or recommendation. Rates of return are not guaranteed and are for illustrative purposes only.

Projected rates do not reflect the actual or expected performance within any example or financial product. Past performance does not guarantee future results.

This workshop is strictly informational; no products will be sold or endorsed at the class. The American Financial Education Alliance (AFEA) is not associated with the Social Security Administration or any other government agency.

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