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Course Details

Overview of Topics

  • What is California’s Retirement savings Program?1 mins
  • Why is it required?15 mins
  • CalSavers – Technicalities, Auto-Enrollment key details, FAQs solved, Employee and Employer perspective, Fee Structure, investment options.44 mins
  • What should you ask?45 mins
  • What is the opinion of the critics about CalSavers?49 mins
  • Perspective for Businesses: Cost of financial stress to the employers.51 mins
  • How much people are actually saving?79 mins
  • What you can do?81 mins
  • Which are various types of Employer Sponsored retirement plans and Cash Balance Plans?82 mins
  • Plan design, fees monitoring, Investment monitoring, utilizing internal control.83 mins
  • Which are the different benefits of 401(k) plan?85 mins
  • Securing future by securing retirement health.86 mins

Course Description

California just launched the largest state-run retirement plan in the nation. This Free CPE webinar will discuss what it means for your business & how this program could impact other states. State Senate leader Kevin de Leon who wrote the bill, says this is the largest expansion of retirement security since the New Deal. No matter whether your company offers a qualified retirement plan or not, you need to understand how this program works because it will likely impact all businesses. We will discuss our national retirement crisis and review the advocates & opponent’s view of this program as well as compare CalSavers to other state-run programs and discuss why over 30 other states are considered similar legislation.

Learning objectives

  • How the program works and important dates and deadlines.
  • Costs, investment options and details of the program
  • How this program could affect other states and the current legislation and studies conducted by up to 40 other states across the nation.

About Presenter

Terri McGray is the founder and president of Longevity Capital Management LLC, a professional wealth management and retirement planning consulting firm that helps business owners and individuals work towards a successful retirement. 

She has developed a unique retirement readiness program for employers seeking to increase financial literacy in the workforce and drive results with their 401(k). 

Her expertise with plan design, ERISA law, internal controls and investment management enables businesses to outsource their plan workload and engage a co-fiduciary to reduce their liability.

Mrs. McGray is a champion of retirement readiness and public speaker, speaking passionately about our national retirement crisis and the importance of good 401(k) stewardship. Some of the conferences she has spoken at include LA Accounting & Finance Show 2019, CA HR Professional Conference 2019, Professionals in Human Resources Local Chapters, Cal Lutheran University, Wells Fargo CFO Symposium 2017, National Purchasing Managers Association, among others as well as conducts CPE webinars free on various topics.

Terri is also author of Retire Ready, Moral, Ethical, Prudent 401(k) Decision-Making for Employers and Plan Fiduciaries where she provides her expertise and easy-to-follow steps designed to help employers learn how to reduce financial stress in the workforce, support retirement readiness, inspire and motivate action, minimize cost and expenses, mitigate risk and lessen the workload.

Terri has been awarded the President’s Council Award, Oppenheimer Investments; Premier Advisor Award, Wells Fargo, to name a few.

Terri has been involved in her community as well and has served on the board of several nonprofits. She is a devoted advocate against domestic violence, Girl Scout Troop Leader and served as a Big Sister through the Big Brothers/Big Sisters program.

Longevity Capital Management LLC is an independent financial services firm built on over thirty years of experience helping individuals, families and business owners prepare for retirement and manage their financial future. Their advisors are seasoned specialists providing comprehensive asset management and financial services. If you have a specific service you need, including a second opinion or review of your current plan, they can provide a la carte services, as well.

Their mission is to create strong client relationships that stand the test of time, make a difference in their client’s lives and provide independent ideas.

Review Questions

  • Question 1 : 00:17
  • Question 2 : 00:32
  • Question 3 : 00:48
  • Question 4 : 01:07
  • Question 5 : 01:23
  1. According to the Society of Actuaries, of those who make it to age 65 which of the following is true:
  2. What is the default rate for CalSavers?
  3. How many CalSavers accounts might an employee have?
  4. How much does CalSavers cost the employee?
  5. Which of the following is an example of current opposition to CalSavers?
  1. How many states have enacted state-run retirement programs so far?
  2. Why is CalSavers exempt from ERISA?
  3. What are the key features of CalSavers for employees?
  4. What additional questions should we be asking about CalSavers?
  5. Which does not qualify for CalSavers exclusion?
  6. Mr. Jason is a mandatory employer having employed 53 people. By which date he must register for the CalSavers plan?
  7. Qualified retirement plans include which of the following?
  8. What is the maximum auto increase rate for CalSavers?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.7
(41)
76%
22%
2%
0%
0%
  • JK
    Joseph Kiley , MBA, CPA
    Dec 31st 2019
    interesting!
KV
Kathryn Vest , CIA, MBA, CPA
I would like a copy of the book. Please send to Kathryn Vest c/o SunTrust Bank, 919 E. Main St, 8th Floor, Richmond, VA 23219. Thanks.
OY
Oksana Yakymchuk , MBA
I would like a copy of the book please! 'Retire Ready - Moral, Ethical, Prudent 401(k) Decision Making….?
HF
Harrold Flemins , CPA
Excellent

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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Move up a Grade: Revision Guide
Monday, May 18, 2020 View Details/Register
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The Theory of Constrainst and Lean Accounting
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THE MATHEMATICS OF ESTATE PLANNING FOR IRAS AFTER THE SECURE ACT
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The Accountant's Guide to Climate Change
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Professional Ethics for Accountants
Thursday, May 07, 2020 View Details/Register
Nebraska Ethics Principles and Conduct for CPAs
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MONTANA Ethics Principles and Conduct
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Massachusetts Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Maryland Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Executive Overview of Revenue Recognition (Topic 606) Exploring Both the Accounting & Tax
Wednesday, May 06, 2020 View Details/Register
Principles of Financial Statement Presentation
Wednesday, May 06, 2020 View Details/Register
Data Analysis 101 - Getting to the heart of performance data
Monday, May 04, 2020 View Details/Register
Performance Measurement
Thursday, April 30, 2020 View Details/Register
  • Cost $9
  • CPE Credits 1.5
  • Subject Area Specialized Knowledge
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date September 27 ,2019
  • Published Date September 27 ,2019
  • Who should attend? Finance Pros Tax Practitioners CFO/Controller CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

Move up a Grade: Revision Guide
Monday, May 18, 2020 View Details/Register
Knowledge Performance Indicators (KPIs) for SMEs
Wednesday, May 13, 2020 View Details/Register
Business Performance Management
Wednesday, May 13, 2020 View Details/Register
The Theory of Constrainst and Lean Accounting
Tuesday, May 12, 2020 View Details/Register
THE MATHEMATICS OF ESTATE PLANNING FOR IRAS AFTER THE SECURE ACT
Friday, May 08, 2020 View Details/Register
The Accountant's Guide to Climate Change
Friday, May 08, 2020 View Details/Register
Professional Ethics for Accountants
Thursday, May 07, 2020 View Details/Register
Nebraska Ethics Principles and Conduct for CPAs
Friday, April 17, 2020 View Details/Register
MONTANA Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Massachusetts Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Maryland Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Executive Overview of Revenue Recognition (Topic 606) Exploring Both the Accounting & Tax
Wednesday, May 06, 2020 View Details/Register
Principles of Financial Statement Presentation
Wednesday, May 06, 2020 View Details/Register
Data Analysis 101 - Getting to the heart of performance data
Monday, May 04, 2020 View Details/Register
Performance Measurement
Thursday, April 30, 2020 View Details/Register