Understanding Social Security Benefits

January 27th, 2015, 4 Comments ».


Date: Wednesday, Jan 28, 2015
Time: 3 PM – 4 PM EST
Presenter: Vonda VanTil, Social Security Administration

Register here.

With 80 million baby boomers eligible for Social Security retirement benefits and many in their disability-prone years, it is inevitable that your clients either already are or will be addressing Social Security questions and concerns with you.

This Webinar will break down the various benefits that Social Security administers, focusing heavily on retirement and spousal benefits. From how a retirement benefit is calculated to the various “strategies” that can be utilized, this session will cover it all.

Learn about the numerous online tools available for you and your clients when planning and strategizing. Find out how to work with Social Security most conveniently, and ensure that your clients are prepared for their Social Security “Someday” by creating a mySocialSecurity account plus you’ll receive all of the 2015 Social Security changes.

Members can login to register.

If you’re not a NAIFA member, click here.


Prudential Launches Update on Ground-Breaking White Paper

January 20th, 2015, Comments Off.

During an event last week on Capitol Hill, Prudential released an update on its white paper, “Financial Planning Considerations for Same-Sex Couples After Windsor.”

The paper explores ongoing changes that have taken place since the Windsor decision in several areas, including workplace benefits, Social Security, taxes and life insurance.

Named for Edith Windsor, the plaintiff in the federal case, United States v. Windsor, the Windsor decision refers to the overturning of Section 3 of the Defense of Marriage Act (DOMA), which limited the definition of marriage for federal benefit purposes to opposite-sex unions. As a result of the Windsor decision, same-sex marriages under state or a foreign jurisdiction are now recognized for federal law purposes.

In March 2014, Prudential launched the original paper, which explored how the 2013 landmark decision to overturn Section 3 of DOMA afforded legally married same-sex couples many of the employee benefits and financial-planning strategies once available only to opposite-sex married couples.

“As of January 2015, 36 states plus the District of Columbia now recognize same-sex marriage,” said James Mahaney, one of the panelists at the event, and author of both papers. Mahaney is vice president, Strategic Initiatives, at Prudential.

Mahaney added that the Social Security Administration has historically only recognized legal marital relationships among couples based on the laws of the state in which they reside, regardless of the state in which they were married. “In a new development, the Social Security Administration now recognizes some non-marital legal relationships as well.”

For more information, please visit www.news.prudential.com.


By Ayo Mseka