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TAXES IN RETIREMENT & SOCIAL SECURITY BENEFIT OPTIONS

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What You'll Learn

TAXES IN RETIREMENT

  • How & why the marginal tax system differs, to your detriment, in retirement years
  • Whether you really will take money out of your IRA at a lower tax bracket
  • How the provisional income calculation on your Social Security affects your taxes
  • How Capital Gains and Dividends impact your overall tax liability in retirement
  • The difference between deductions, exemptions and credits on your tax return
  • The nine different pieces of the tax system
  • How IRA Required Minimum Distributions work and affect your tax liability
  • How Social Security is taxed
  • How & why Medicare premiums may increase as a result of your income
  • The tools that can be used for tax control

SOCIAL SECURITY BENEFIT OPTIONS

  • How to properly file for Social Security benefits
  • Maximize the amount you are eligible to receive
  • How to avoid the most common mistakes people make when claiming their benefits
  • 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 determine which claiming strategy is best for you
  • How to claim a spousal benefit, even if you are divorced

Featured Speakers

Bryan Bibbo

Bryan Bibbo is a leading retirement planning professional and has been educating Northeast Ohio residents on personal finance and retirement planning strategies for many years. He works with successful professionals, business owners and retirees who are concerned with building and maintaining financial security for theacmselves, and their families, so they can fully enjoy their retirement years. He provides comprehensive financial planning strategies to pre-retirees and retired individuals, helping them achieve total wealth optimization and a reliable income source in retirement. Bryan ensures that every client walks away feeling at ease and content about their future. Bryan holds the following licenses: Health and Life Insurance, Series 66, and the Annual Filing Season Program (AFSP) with the Internal Revenue Service (IRS). When not working with his clients, Bryan loves spending time with his wife, Amanda, and daughter, Athena.

American Financial Education Alliance (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 5-years of real-world experience in their field. They have been pre-screened and required to pass a series of training sessions on how to properly educate in a not-for-profit setting before becoming a Chapter President 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, non-commercial, education only and are not intended to be construed as tax, legal or financial advice. Attendees should seek the assistance of a financial or tax professional familiar with the course prior to implementing any of the ideas and strategies taught or discussed in the course.

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