Tax & Financial Planning For Retirement ON DEMAND

Overview

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 the financial aspects of retirement. Designed to improve the quality of services to clients and the profitability of engagements, this program 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.

Highlights

Financial Tax Planning. Building an Estate. Preservation of Wealth. Deferral. Reduction. Income Splitting. Elimination. Estate Planning. Asset Protection.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Identify short-term financial goals and investment purposes, recognize the importance of defining, listing, and prioritizing realistic goals and how investing allocation changes with age. Determine the tax consequences of title holding methods. Identify money management and income types, recognize causes of increased taxable income for itemizing taxpayers, and specify taxable income types and their proper reporting. Determine the distinctions between tax-free municipal bonds from fringe benefits in generating tax-free income, cite the benefits of tax deferral, and identify tax-deferred investments. Specify ways to shelter income and how income sheltering amplifies investment return. Recognize the budgeting of income into cash by containing expenditures with the author’s step process and discretionary income development, identify a client’s negative outlook on budgeting and counter strategies, determine how to convert income into assets by purchasing investments, and specify asset acquisition rules. Specify tax-advantaged investments and management rules, and determine the economic impact of accelerating deductions, postponing tax liability, and leveraging, and more.

Preparation

None.

Notice

None.