DRMM
DETERMINING HOW MUCH MONEY YOU NEED TO RETIRE, AND
TAX IDEAS AND MONEY MANAGEMENT IN RETIREMENT
The purpose
of this course is to give CPAs the tools and knowledge required to help
their clients implement tax-effective investment and portfolio strategies
for successful wealth accumulation and real after-tax retirement income
maintenance. The course discusses a host of specific investment tax planning
and money management issues and topics, both before and after retirement,
within the broader context of the fundamentals of asset allocation and
portfolio management, coordinating retirement plans and taxable saving,
advanced tax-adjusted time value principles, and asset risk/return and
income-tax relationships.
Major topics include:
- Asset allocation,
portfolio management, and investment selection concepts including portfolio
rebalancing, before and after retirement, tax-saving investment transactions,
and the optimal asset mix between retirement plans and taxable savings
- Historical guidelines
and benchmarks for nominal and real after-tax returns (accounting for
both the income and capital gains components of returns)
- Worksheets and
formulas for determining how much money one needs in order to assure
a financially secure retirement and the after-tax accumulations achievable
for various asset categories
- Distribution and
asset liquidation planning including the pros and cons of various annuity
options, guidelines and 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
- When a variable
annuity is a better after-tax investment than a mutual fund; when it
is better to contribute after-tax dollars to a Roth IRA rather than
before-tax dollars to a regular deductible IRA; and when it is better
to elect a single life annuity from a pension and buy insurance to protect
the spouse rather than to take the qualified plan survivor benefit (the
Pension Max issue)
- Analyzing the impact
of recent tax law
Designed
for: 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.
Level
of knowledge: Intermediate |