Surgent's Securing a Comfortable Retirement - Download

Overview

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.

Highlights

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 the small business as a retirement resource through creative retirement plans, non-qualified deferred compensation, and converting the value of the business through sales within the family or to an outside party
An overview of portfolio management for retirees, including: sustainable portfolio withdrawal rates; balancing investments between income and equity, and taxable and nontaxable; and asset liquidation and distribution timing to minimize the tax impact of retirement distributions and maximize cash flow from retirement vehicles and Social Security
Developing a three-legged retirement stool of employer retirement, savings, and Social Security, and timing the use of the legs of the stool to maximize after tax retirement benefits
Analysis of the most current/important research on retirement planning and sustaining retirement income levels and lifestyles and the impact of the most recent tax laws, regulations, and rulings
Planning with the new retirement provisions of SECURE Act 2.0

Prerequisites

Basic knowledge of retirement planning

Designed For

CPAs looking to advise clients on retirement planning, and CPAs looking for effective strategies for their own retirement

Objectives

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
Explain 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