Social Security

[axeman462]

I occasionally get "referrals" from clients whos brother, neighbor etc.. is turning 62 and is considering retiring, collecting Social Security.

I never really know how to deal with these referrals, as advising on Social Security is outside the scope of a 2-15 license.

Do y'all refer situations like this to a CPA? Do you just proceed and advise? Or something else?

 

[StephanieCJ]

I always advise them that they can either create an account on SSA.gov or call or go to their local security office. I tell them there are simply too many moving parts and not everyone has the same information. I tell them it will give them the breakdown of what they are entitled to at different ages so that they can make an informed decision about when to start drawing benefits.