Determining How Much Money You Need to Retire, and Tax Ideas and Money Management in Retirement (DRMM00)

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REGISTRATION STATUS: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (850) 224-2727 or (800) 342-3197 if you wish to inquire about registering.

Date:Friday, June 20, 2014
Time:8:30am - 4:30pm (Registration at 8:00am )
City:West Palm Beach
Facility:Holiday Inn Palm Beach Airport and, West Palm Beach
CPE Credit:8 Technical Business
Instructor: David E. Hultstrom
Vendor:Surgent McCoy CPE, LLC
Course Level:Intermediate

This course gives CPAs the tools and knowledge to help their clients implement tax-effective investment & portfolio strategies for successful wealth accumulation & real after-tax retirement income maintenance.

Participants will be able to identify the success factors in building a retirement nest egg; explain relationship between risk & return & the investment horizon; describe the tax effect of inflation, its interaction with the income tax, and the effects of taxation on investment performance; discuss the use of historical rate of return evidence as a guide to projecting successful portfolio withdrawal rates; explain survival probabilities & how first-to-die & last-to-die survival probabilities are used in retirement planning for married couples; discuss the pros and cons of annuities as investment and payout vehicles for retirement; describe the complex tax, legal, and financial elements of life insurance and summarize the wide range of uses for life insurance in retirement planning and explain the various ways clients can convert the equity in a home to retirement income, including sale-leasebacks, reverse mortgages, QPRTs, and split-purchases

Major Topics:
  • Asset allocation, portfolio management, portfolio rebalancing, and investment selection concepts, before and after retirement, tax-saving investment transactions, and the optimal asset mix between retirement plans and taxable savings
  • Historical guidelines for nominal and real after-tax returns
  • NEW expanded section on understanding expenditure patterns in retirement and the level and risk associated with out-of-pocket medical expenses in retirement
  • Worksheets/formulas for determining how much money one needs to assure a financially secure retirement
  • Distribution/asset liquidation planning including the pros and cons of various annuity options, guidelines/strategies using the minimum required distribution rules for qualified plans and IRAs, beneficiary elections, and the use of trusts
  • Sustainable portfolio withdrawal rates during retirement for differing stock/bond/cash asset allocations, inflation rates and tax rates both from tax deferred accounts and taxable accounts
  • Analysis of the regular IRA to Roth IRA conversion election
  • Variable annuities vs. mutual funds; Roth IRAs vs. regular IRAs; and the use of life insurance in a pension maximization strategy
  • Analyzing the impact of recent tax law, regulations and rulings

Who Should Attend:
CPAs who wish to serve the needs of the growing segment of the public for whom effective retirement planning is critical as they reach their peak earning years and/or are approaching retirement

Basic knowledge in retirement planning


Qualifies for CFP credit

FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.


Regular Price: $345 FICPA Members, $470 Non-Members

Friday, June 20, 2014
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I will download the EZMaterials electronic course manual