Social Security & Medicare Educational Workshop in Northbrook, IL
Schedule
Sat Jun 15 2024 at 09:30 am to 12:00 pm
UTC-05:00Location
Northbrook Public Library - Polak Room | Northbrook, IL
This educational Workshop will provide you with much needed information to help you understand how Social Security & Medicare work.About this Event
This educational Workshop will provide you with much needed information to help you understand how Social Security & Medicare work. Please arrive at 9:15 AM to register and secure a seat.
Millions of seniors rely on Medicare for health coverage in retirement, but new data tells us that a frightening number of older Americans are confused about the program's most basic rules. In a recent quiz distributed among adults aged 60 to 64, 65% failed to answer most questions correctly. Specifically, 42% of older workers thought that both Medicare Parts A and B are free. Additionally, 37% thought that filing for Medicare and Social Security together was a requirement. Another 34% didn't know that Medicare won't pay for health coverage outside of the U.S. After this class, you will be able to make informed decisions about Social Security & Medicare and understand how the elections you make will affect your monthly benefits.
TOPICS WE WILL DISCUSS
Social Security
- How did new Social Security laws affect your retirement strategy?
- Why waiting to take Social Security may or may not be your best move.
- What happens if your spouse is still working?
- What if you still are or want to work part-time?
- What if you are divorced or widowed?
- How to maximize your Social Security benefits.
- How you can reduce taxes on Social Security.
- Is "File and Suspend" really gone?
Medicare
- How and when should I sign up for Medicare?
- What do I need to know before enrolling in a Medicare plan?
- What are Medicare parts A, B, C, and D?
- Medicare coverage, cost and the need for supplemental insurance.
- What you need to know during open enrollment.
- Will you have an Income Related Monthly Adjustment?
- How to use Medicare to pay for Hospital visits, doctor appointments and pay for prescription drugs
- 2019 RX Gap
- How to get extra assistance paying for prescription drugs in retirement
- Which plan is right for you
BONUS TOPICS:
- How to potentially reduce taxation on your Social Security after you start receiving your benefits.
- How you can potentially fill the gap between Social Security and your desired Retirement Income.
- How to potentially maximize the value of your IRA, 401(k), TSP or Pension Plan.
- How to use the Roth Conversion option to create increasing TAX-FREE lifetime income benefits for you and your spouse.
- Learn strategies that teach you how to structure RMD’s Tax Efficiently.
FREQUENTLY ASKED QUESTIONS:
Is there a cost to attend?
No, there is no cost to attend.
Do I need to bring anything?
No, you will be provided with pen and paper to take notes.
Will any investments or investment products be discussed?
No, there will not be any discussion of any investments whatsoever.
Will I be pitched or sold anything?
No. Our classes are strictly educational. The most common feedback we receive is how nice it is to attend a truly educational workshop with no pressure.
Is this sponsored by the Social Security administration?
Barry Block is not affiliated with the Social Security administration or any other government agency.
Where is it happening?
Northbrook Public Library - Polak Room, 1201 Cedar Lane, Northbrook, United StatesUSD 0.00
