Understanding the central planning issues surrounding retirement health care is critical while building a comprehensive and effective financial plan. Tax professionals are in a unique position to impact wealth accumulation strategies, adjust retirement income plans, and be a trusted resource for clients.
DESIGNED FOR
Tax professionals planning for the intersection of taxation, retirement, and investment planning
BENEFITS
- Estimating retirement health care costs
- Understanding the impact of Medicare IRMAA on retirement income
- Reviewing Medicare coverage choices
- Optimal timing for the transition to Medicare
- Coordinating Medicare with COBRA and employer
- Retirement strategies with health savings accounts
- Understanding the impact of tax-free income on Medicare premiums
- Utilizing key health care provisions in the 2021 American Rescue Act
- Important trends in long-term care planning
- Providing resources for clients
HIGHLIGHTS
- Understand the major components and taxation of retirement health care costs
- Incorporate health savings accounts and Roth IRAs into retirement tax planning
- Recognize opportunities and methods to plan for custodial care
COURSE LEVEL
Overview
PREREQUISITES
None