This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals.
CPAs looking to advise clients on retirement planning and CPAs looking for effective strategies for their own retirement.
- Help clients determine how much retirement income is necessary for the desired retirement lifestyle
- Identify resources available for retirement
- Understand how to build the three-legged retirement stool: employer retirement, savings and Social Security
- Develop Plan B when the ideal retirement goal is not achievable
- Explain ways that clients can convert the equity in a home to retirement income and how the value of a small business can be converted to retirement income
- Explain survival possibilities and how first-to-die and last-to-die survival probabilities are used in retirement planning for married couples
- Understand timing regarding the use of taxable retirement funds and nontaxable funds, and strategies to minimize income tax on Social Security
- Recognize the role of various investment types, such as life insurance, annuities, mutual funds, equity holdings and bonds in retirement planning
- Summarize key points of recent research on the sustainability of retirement income and maintenance of desired retirement lifestyles
- Retirement planning using variables such as desired lifestyle, travel plans, housing plans, medical needs and family needs to customize a retirement plan unique to the client
- Using the residence and other real estate as retirement assets through equity and rent
- Using a small business as a retirement resource through creative retirement plans
- Asset allocation, portfolio management, portfolio rebalancing and investment selection concepts, before and after retirement
- Developing a three-legged retirement stool of employer retirement, savings and Social Security
- Distribution/asset liquidation planning
- Analysis of the most current/important research on retirement planning and sustaining retirement income levels
Basic knowledge of retirement planning.
- Qualifies for CFP Credit.
Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.