Help your clients maximize their Social Security & Medicare benefits! Social Security & Medicare Facts is a one-stop guide for attorneys, CPAs, and retirement and financial planning professionals for advising on tax and policy changes affecting Social Security and Medicare. Organized in a unique and convenient question and answer format, this book helps professionals find exactly what they're looking for quickly and easily to solve clients' important planning issues in a timely manner. Fundamentals of Writing a Financial ...
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Help your clients maximize their Social Security & Medicare benefits! Social Security & Medicare Facts is a one-stop guide for attorneys, CPAs, and retirement and financial planning professionals for advising on tax and policy changes affecting Social Security and Medicare. Organized in a unique and convenient question and answer format, this book helps professionals find exactly what they're looking for quickly and easily to solve clients' important planning issues in a timely manner. Fundamentals of Writing a Financial Plan , Second Edition provides a totally revised and unique approach to helping aspiring financial planners write a comprehensive financial plan. The book outlines how the CFP Board of Standards, Inc. 7-step planning process can be applied when writing a comprehensive financial plan for an individual or family. The book not only highlights various elements involved in comprehensive financial planning, including estate, tax, cash flow, education planning, and much more--but also introduces important behavioral perspectives and communication techniques. As a way to synthesize these pieces and learn how the plan writing process unfolds, students follow a running case--the Hubble family. Details Section: Updated numbers for 2024 Updated discussion of Social Security Trust Fund Solvency Added information about qualified aliens eligible for Social Security Greater coverage of Special Minimum benefit Updated retirement and survivor benefits Expanded coverage of state rules of Medicaid Updated costs and coverages A thorough review of the new 7-step systematic financial planning process. A description of the regulatory environment in which every financial planner operates. An in-depth discussion of client communication and counseling techniques. Financial planning approaches that can be applied to a variety of clients and client circumstances. A chapter-by-chapter focus on analytical tools and techniques that can be used to evaluate client data. An example of a complete written financial plan with explanations about how analyses lead to the recommendations. Chapter-based learning aids, including access to a fully integrated Financial Planning Analysis Excel package and other online support materials, including video examples of client communication and counseling strategies. Instructions on how to do calculations essential to creating a financial plan. Numerous self-test questions to test comprehension of material. New in the 2024 Edition: SOCIAL SECURITY GENERALLY Updated discussion of Social Security Trust Fund Solvency Added information about qualified aliens eligible for Social Security COVID-19 updates Update of special monthly payment Update of earnings for Trial Work Period Updated Compassionate Allowance COVERAGE Updates to achieving quarters of coverage. Update to becoming fully insured. Proof required to file for benefits expanded. Right to appeal process expanded Expanded coverage of Social Security hearing process and rights BENEFIT COMPUTATION Greater coverage of Special Minimum benefit Changes in calculation of AIME Update to determining Primary Insurance Amount Changes to maximum family benefits Expansion of coverage of beneficiaries affected by GPO and WEP Update to Retirement Test Addition of questions regarding Grace Year/Non-Service Expansion of who must file annual report of earnings/who does not. New checklist of what events can lead to loss of benefits by type of beneficiary. Retired, Disabled, Spouse, Divorced Spouse, Chi
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