As a wave of millions of Baby Boomers contemplate retirement – including many CPAs and other accounting professionals – the demand for experts who have a handle on both Social Security benefits and tax preparation is incredibly high.
That’s why Universal Accounting School has formed a powerful partnership with Registered Social Security Analysts (RSSA) and CPAdirectory to help tax professionals fill that demand, and reap the benefits.
“RSSA maximizes people’s potential retirement savings and earnings, and is a perfect compliment to tax preparation services,” said Universal Accounting School President Roger Knecht.
RSSA is a structured turn-key Social Security education, technology, marketing, and support program, to help your organization build a deeper holistic analysis of every facet of a client’s financial plan. With more than 10,000 Baby Boomers retiring each day and claiming Social Security for the next 15 years, jumping the market and being able to speak with your target demographic will create an endless engagement funnel.
Michael Rosedale, president and founder of CPAdirectory, has spoken to many accountants who have to turn down work because they’re too busy.
“There’s a dire need for professionals,” Rosedale said. “70% of CPAs will retire within 5-to-6 years.”
Enhancing Tax Strategies Through Social Security Optimization
Do your clients ask you social security questions? Are they looking to you for advice on their Social Security claiming decision?
This is where becoming a Registered Social Security Analyst can have a life changing impact on the lives of their clients. With over 2,000 rules and hundreds of claiming options, Social Security is complex.
RSSA’s essential retirement planning software, RSSA Roadmap, does the hard work for you and makes the claiming process simple for your clients. Its heat map feature shows you the optimal time for your client to retire to ensure they make the most of their earnings.
The online self-study courses cover spousal and family benefits, claiming strategies, government pension offset, windfall elimination provision, acronym definitions including PIA and FRA, retirement income taxation, survivor and disability benefits, delayed retirement benefits, Medicare Part A and Part B, when and what to file.
“You’re taking an enigma that everyone has to deal with and giving it clarity,” Knecht said. “And it lets clients know there’s things they can proactively do.”
The RSSA® Social Security Program for advisors is approved in all states for CPAs by the National Association of State Boards of Accountancy, for EAs and PTIN holders by the Internal Revenue Service, for CFPs by the Certified Financial Planner Board of Standards, for the AIF, AIFA and PPC credentials by Broadridge Fi360, and for Insurance CE Credits on a state by state basis.
Benefits for Universal Accounting School Enrollees, Alumni
Because much of the data entry processes and language is similar, incorporating Social Security optimization is an easy fit for growing tax firms.
If you are enrolled in, or have completed, Universal Accounting School’s Professional Tax Preparer certification course, becoming an RSSA opens an overflowing new revenue stream for your firm. And you can save over $1,000 on the tuition for the program if you register using this link.
Social Security Optimization is the bridge to retirement planning. It is a powerful approach which will fill a funnel for investment & other insurance products like annuities for years to come. This is also a great way to extend the value relationship you have with clients who are retiring, since you’re already handling their taxes.
To learn more about RSSA and to register to become a Registered Social Security Analyst, visit rssa.com/universalaccounting.
If you’re looking for more information about Universal Accounting School’s Professional Tax Preparer Certification, or any of other online programs for accounting professionals and business owners, call 877-801-8080 or schedule an appointment when it’s convenient for you online.