CPE Self-Study

Social Security and Medicare: Maximizing Retirement Benefits

  • $109.00-$139.00
    Social Security and Medicare: Maximizing Retirement Benefits Availability : Online Access Product #: 163253
    AICPA Member: $109.00
    Non-Member: $139.00
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Our Social Security system provides retirement, disability, and survivor benefits to millions of Americans. Yet, the long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are now paying into the system. Covering real-world situations, this CPE course gives you the tools you need to advise your clients on making optimal decisions when it comes to Social Security and Medicare.

Learning Objectives

This course will prepare you to do the following:

  • Recognize the role of the Social Security Administration and how FICA applies to the funding of Social Security and Medicare benefits.
  • Identify the benefit eligibility issues.
  • Recall Social Security benefits and the implications retirement age has on those benefits.
  • Identify what types of Social Security survivor benefits are available.
  • Recognize the disability income benefits and the multiple factors that can impact those benefits.
  • Identify coverages and costs associated with Medicare and what it does not cover.

Key Topics

  • What Medicare will and will not do
  • Managing Medicare gaps
  • Analyzing the wide menu of Social Security benefits
  • Social Security benefits for workers and families: retirement, survivor, disability, and death benefit
  • Tax impact of Social Security premiums and benefits
  • Impact of the 3.8 percent Medicare surtax on investment income
  • Recent changes to the Medicare law

Who Will Benefit?

  • CPAs, professional accountants, and financial advisors

System Requirements

About the Authors

Theodore J. Sarenski, CPA/PFS, CFP(R)

Ted is the principal author of this guide. He is the president and CEO of Blue Ocean Strategic Capital, LLC. More than 30 years as a CPA and more than 20 years as a financial planner, plus extensive experience in individual taxation and estate planning, enable him to bring a unique dimension to wealth management. In addition to working directly with clients, Ted is recognized locally and nationally as a financial planning expert. He speaks regularly at conferences across the country and appears weekly on local television. He serves as chair of AICPA's PFP Executive Committee Elder Planning Task Force and also is active in the New York State Society of CPAs. The AICPA PFP Division nominated him for the 2010 Distinguished Service Award for contributions to the profession.

William F. (Bill) Taylor, CPA

The instructor, William F. (Bill) Taylor, CPA, is president of Benefit Solutions, Ltd., a benefits consulting firm, and a CPA with a tax and consulting practice. Bill is also an adjunct assistant professor in the Masters of Business Administration program at the University of Mississippi. He recently retired as president of Renasant Bank in Water Valley, Mississippi. Bill has worked in the employee benefit and investment field for more than 25 years, beginning his career as the employee benefits coordinator in the Jackson, MS office of KPMG Peat Marwick, and managing his own firm since 1999. A nationally-known consultant and speaker, Bill has conducted seminars for the AICPA, the American Society of Pension Professionals and Actuaries, more than 40 state CPA and bar associations and other organizations. He was awarded the AICPA Outstanding Discussion Leader award in 2008 and 2014. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

About the Publisher


About the AICPA
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.