Self Study: The Ultimate Guide to Retirement Planning

Overview

This course is available until April 30, 2025.

We are all (including tax practitioners) getting older and the need for effective retirement planning has never been greater. This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax saving strategies. This presentation integrates federal taxation with retirement planning. The course will examine tax and savings strategies related to determining retirement income needs, wealth building, capital preservation and estate distribution. The result is a unified explanation of tax-economics that will permit the tax professional to locate, analyze and solve financial aspects of retirement. This program is designed to improve the quality of services to clients and the profitability of engagements and it projects the accountant into the world of retirement planning. This course will give the participant practice in analyzing problems, developing solutions and presenting final, personal retirement plans to clients. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual. Retirement income needs are calculated; net after-tax Social Security benefits are determined and distribution options from IRAs and retirement plans are explored. Special consideration is given to the tax treatment of the home and business on retirement. Buy-sell agreements are discussed and elder-care planning is examined.

Highlights

• Mapping mechanics
• Common pitfalls
• Popular retirement myths
• Defining retirement
• Developing a plan
• Savings
• Assets

Designed For

This program is appropriate for professionals at all organizational levels.

Objectives

• Recognize the importance of personal retirement maps to suit client objectives & lifestyles and summarize the basic guidelines of retirement planning, including common pitfalls and misconceptions of retirement.
• Determine retirement using the major levels of retirement and key questions that have financial and personal ramifications.
• Identify retirement costs and income needs of clients based on their current budget, recognize tax savings strategies and identify guidelines when purchasing investment assets.

Notice

Downloadable PDF