Fast Track Retirement Planning

Course Description:

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. 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 eldercare planning is examined.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Recall the importance of personal retirement maps to suit client objectives and lifestyles.
• Specify the basic guidelines of retirement planning, including the four common pitfalls and the ten misconceptions of retirement.
• Identify retirement using three major levels of retirement and three key questions that have financial and personal ramifications.
• Determine retirement costs and income needs of clients based on their current budget, data tax savings strategies.
• Identify six basic guidelines when purchasing investment assets.
• Determine the relationship between home sales and the capital gains rates.
• Recall the key elements and application of the §121 home sale exclusion.