Loading Events

« All Events

  • This event has passed.

Social Security Explained – Part of the Financial Awareness Series

November 9, 2021 @ 6:00 pm - 7:00 pm

REGISTER HERE to join us for Social Security Explained.

The Putnam County Libraries have teamed up again! This time, to bring you a series on Financial Awareness. You are sure to enjoy Mark Lange, a knowledgeable and entertaining speaker from the Society for Financial Awareness (SOFA). Please join us with questions you may already have!

The first four workshops are the core curriculum. with another set of four workshops to follow.

This first workshop will focus on the following.

– When did Soc. Sec. start
– What is OASDI
– How it is financed
– Who’s eligible to receive retirement benefits
– What is Full Retirement Age, and why is this so important
– How your benefit amount is calculated
– Reduced benefits and delayed credits
– Spousal and Survivor benefits
– Key things to consider

The Second Workshop will focus on Strategies for a Sustainable Income
– What are the key factors you have to examine today
– Life Expectancy and rising health care costs
– Impacts of Inflation over an extended retirement
– Long Term Care Costs
– Possible changes to Social Security
– 3 factors that affect Portfolio efficiency
– Impacts of Interest rate changes on Fixed Income Portfolios
– Guaranteed versus Variable Income
– Portfolio Risk Attributes-not all risks are equal
– Roth IRAs as a tax and estate planning strategy
– Sequence of Return Risk- the RETIREMENT Killer

The Third Workshop will focus on Asset Allocation and Modern Portfolio Theory
– Common Investment mistakes
– Investment risks
– What is Asset Allocation
– Who developed it and why
– Why it is used as the primary element -to manage investment portfolios
– What benefits will you derive from using it
– Conventional asset classes
– Unconventional asset classes
– What doesn’t it cover that I should be thinking about

The Fourth Workshop will focus on Estate Planning
– What is it, and who needs it
– Why do I need a Will
– Trust, POA, Health Care Directive
– Forms of Ownership
– Probate-What it is and why
– Avoiding Probate-The advantages, are they right for you
– Marital Deduction and Unified Credit, are they still important
– Basis, what is it and why is it important
– Taxes-Income Tax, Gift Tax, Estate Tax, GST Tax
– Why all these issues come into play when you’re putting together a comprehensive plan

Mark is a seasoned professional with over 35 years in the industry. He holds the AIF, AWMA, CRPC, CRPS, and RICP designations. He specializes in working with people who are transitioning from work to retirement. He has dedicated his career to helping others achieve their financial goals. Mark is a wonderful speaker & enjoys spending time hosting Educational Seminars throughout his community and he finds deep value in providing Financial education to others.


November 9, 2021
6:00 pm - 7:00 pm
Event Category: