Tax and Financial Planning for Retirement

Course Description:

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 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.

Learning Objectives:

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

• Contrast short-term financial goals with generic investment purposes.
• Evaluate the tax consequences of title holding methods.
• Criticize the postponement of retirement planning.
• Assist clients in diversifying their portfolios by balancing liquid and non-liquid assets.
• Identify three causes of increased taxable income for itemizing taxpayers.
• Distinguish tax-free municipal bonds from fringe benefits.
• Budget income into cash by containing expenditures.