Date: October 22nd , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 60 Minutes

Description:

As the Baby Boom generation accelerates into retirement, questions about Social Security and Medicare are reaching record levels. Advisors must navigate a complex web of rules, eligibility requirements, tax consequences, and planning opportunities to deliver clear, informed guidance to clients and their families.

This program provides a practical, up-to-date guide to both Social Security and Medicare, incorporating the significant changes introduced by the 2025 Social Security Fairness Act and the One Big Beautiful Bill Act (OBBBA) Senior Deduction. You’ll learn when and how benefits can be claimed, how spousal and divorced spousal rules apply, and the latest strategies to maximize benefits while avoiding unexpected taxes and penalties. The session also explores what Medicare covers (and what it doesn’t), how premium surcharges work, and how enrollment decisions interact with other financial planning tools such as HSAs.

Topics Covered:

• 2025 Social Security rules and COLA adjustments
• Eligibility requirements for benefits, including spousal and divorced spousal
• Taxation of Social Security benefits and the impact of OBBBA’s Senior Deduction
• Strategic timing to maximize Social Security payouts
• Provisions of the Social Security Fairness Act
• Medicare Parts A, B, C (Advantage), and D—coverage limits and gaps
• Premium surcharges and income-related monthly adjustment amounts (IRMAA)
• Medicare Advantage vs. traditional Medicare: pros and cons
• Avoiding Medicare enrollment penalties
• Effect of Medicare enrollment on HSA contributions
• Medicare eligibility based on another person’s work record

Learning Objectives

• In-depth review of the 2025 Social Security Fairness Act and how it expands benefits
• Tax planning opportunities using OBBBA’s Senior Deduction to reduce taxation of Social Security
• A clear framework for advising on Medicare enrollment timing to avoid penalties
• Side-by-side comparison of Medicare Advantage and original Medicare options
• Real-world case studies showing Social Security and Medicare planning in action
• Strategies for integrating Social Security and Medicare decisions into broader retirement and tax planning for clients

Credits and Other information:

• Recommended CPE credit – 1.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 1 Hours

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Michael Miranda

Bringing 47 years of experience with tax consulting, estate planning, and employee benefits to his work as an independent consultant, Michael is the owner of MIRANDA CPA & Consulting LLC in Sioux Falls, SD. His tax practice focuses on corporate, individual, estate and gift, and tax accounting. He also provides employee benefit planning and consultation services for qualified, non-qualified, and health and welfare benefit plans. As part of his IRS representation practice, Michael has worked with the National Office to obtain private letter rulings and exempt organization determination letters for clients, in addition to numerous EPCRS submissions and audits. As a nationally recognized tax speaker, he maintains an active schedule presenting webinars and seminars on tax law, employee benefit planning, and estate planning.