STRP
ADVANCED STRATEGIES AND TACTICS OF
WEALTH ACCUMULATION AND RETIREMENT PLANNING
The purpose of this
course is to enable CPAs to provide retirement planning services both
before and after their clients' retirement. This is an essential course
that focuses on practical issues and the services CPAs should offer clients
to enable them to understand and meet their retirement goals.
Major topics include:
Wealth Accumulation
- Analysis of retirement
planning income needs using computer modeling
- Investing for
retirement -- Risk and reward asset allocation issues and the family
life cycle -risk, return, and the investment planning horizon
- Critical decisions
the year before, the year of, and the year after retirement
- Understanding
tax leverage -- Quantification and impact of decision-making
Social Security
- Retirement benefits:
What the amount of benefits is in various circumstances; how the amounts
are distributed within the family unit
- Qualification:
Has the client retired? Does he need to be retired? How business entities
may be used for Social Security advantage
- Going on Social
Security: advantages and disadvantages at ages 62, 65, and 70
Retirement Distribution
Planning
- Planning for
distributions prior to retirement, including such techniques as distributions
when changing employers, loans from qualified plans, distributions
of property, and how to avoid early withdrawal penalties
- Rollovers --
The complete analysis of doing them correctly and the new opportunities
- 401(k) Roth
Planning
Designed
for: CPAs
who want to expand their client services in the area of retirement planning.
Level
of knowledge: Intermediate/Advanced
Field
of study: Taxes
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