Tax and Financial Planning for Retirement ON DEMAND

Overview

This course 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. Designed to improve the quality of services to clients and the profitability of engagements, the course projects the accountant into the world of retirement planning.

Highlights

Financial tax planning. Building an estate. Preservation of wealth. Deferral. Reduction. Income splitting. Elimination. Estate planning. Asset protection.

Prerequisites

None.

Designed For

This program is appropriate for professionals at all organizational levels.

Objectives

Identify short-term financial goals and investment purposes, recognize the importance of defining, listing, and prioritizing realistic goals, noting how investing allocation changes with age. Identify money management noting income types, recognize causes of increased taxable income for itemizing taxpayers, and specify taxable income types and their proper reporting. Identify spending habits, noting how to design a budget to increase discretionary income, determine net worth using a balance sheet, and select assets and liabilities for an inventory on which to base financial goals. Identify the benefits of tax deferral, recall the former use of tax deferral under Section 1034, and cite the tax deferral advantage under Section 1031 noting its elements, and much more.

Preparation

None.

Notice

None.