People often pay more in taxes than expected because a confusing system treats various income types differently and contains hidden taxes and penalties. Social Security and Medicare have "tax traps" and you need to plan for them. In retirement you must plan how and when you will use taxable, tax-deferred, and tax-free assets to manage your income and tax rates efficiently. You need a tax strategy to minimize taxes and maximize your retirement assets and income - this class will help you understand your options in easy to understand language. This class will benefit both retirees and pre-retirees.

If you're turning 70 soon, this seminar is for you! Designed for those approaching that magic IRS age or just if you want to understand how annual Required Minimum Distributions (RMDs) work. We'll cover how they are calculated and how to determine when you must begin taking funds from your tax-deferred retirement savings. We'll discuss when it may save taxes to withdraw funds early and when it may make sense to delay withdrawals. We'll consider taxation of Social Security; how Qualified Charitable Distributions (QCDs) work to save you taxes, and more - all in easy to understand language.

If you're hoping to retire in the next 6 years, this is for you! You'll learn: when to retire; calculation of retirement income needs; tax consequences of withdrawing money from retirement plans; pension payout options; sources of income in retirement; when to take Social Security; investing for retirement; estate planning pitfalls; taxation of Social Security and retirement income; Medicare and health insurance, and more. Come with your questions as we get you prepared for retirement.

Come and learn what Baby Boomers need to know to maximize retirement income. Decisions on when to begin your Social Security benefits can have a tremendous impact on the total benefits you receive over your lifetime. Coma and learn from a CERTIFIED FINANCIAL PLANNER practitioner: how much you can expect to receive, how to coordinate spousal benefits and how to minimize taxes on Social Security. What are the 5 factors to consider when deciding when to apply? We'll also cover when it makes sense to delay benefits and how to coordinate Social Security with your other retirement income. There will be time for questions and you will receive handouts to take home.

Are you eligible for Medicare or will be shortly? Are you married to someone who will be? Are your parents approaching that age? How do you sign up for Medicare? Do you need to sign up? What if you don't sign up? What are the penalties if you don't? What if you are covered by another insurance plan? What is covered by each part of Medicare? What is Medicare Part C - I have never heard of that? Why do I need to pick a Medicare Part D plan? What is a prescription drug plan anyway? What is the difference between a Supplemental plan and a Medigap plan? Do I need them both? Why should I have long term care insurance if I have Medicare? Doesn't Medicaid pay for that anyway? This class is designed to provide for a brief overview of these topics and help clear up some myths about insurance when we reach age 65.

How are drugs covered under Medicare? Do I need to have a drug plan? How do I sign up? Do I need to change the plan every year? I hear there is a penalty if I don't sign up. Is that right? If I am taking no drugs, why do I need to pick a plan? What does that even mean? How do I do it? Is it okay to use the same plan every year? I hear about Open Enrollment, what does that mean? If you have any of these questions, this class is for you.

Medicare Advantage Plans are new to Wyoming. What are they? What's the difference between a Medigap policy and Supplemental Medicare policy? What is the best time to buy a Medigap policy or a Medicare Advantage Plan? Is a Medicare Advantage Plan or a Medigap policy best for me? What does long term care insurance pay for? Why or why not have a long-term care insurance policy? These questions and more will be answered.