CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

The Complete Disconnect Between Economics-Based and Conventional Financial Planning

  • CFP
  • CPA (US)
  • CFA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
  • CSA
  • CFE
The Complete Disconnect Between Economics-Based and Conventional Financial Planning

2 Credits

FREE

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00430-21-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0431)

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPD credit (Verifiable) for CPA/PFS

2 CE credit of Tax Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 292388)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00430-21-O)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00430-21-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Unbeknownst to most people, economists have been working on personal finance for a century. This CPE webinar for CPAs will describe the state of economics-based financial planning advice. It will cover consumption smoothing, upside investing, safe ways to raise clients' living standards, new technologies for optimizing Social Security, retirement account contribution and withdrawal decisions, the value of Roth conversions, the gain to pre-paying mortgages, and many other topics. 

The course will also contrast conventional financial planning with economics-based financial planning. Attendees will learn that everything economists recommend when it comes to financial decisions is at complete odds with conventional financial advice thanks to the ad-hoc and deeply flawed methodology underlying conventional financial planning software. Professor Kotlikoff will demo economics-based financial planning using the sole planning tool available that does economics-based planning. This is MaxiFi Planner, developed by Professor Kotlikoff's company. 

Key topics: 

  1. This historical development of economics-based financial planning.
  2. Consumption Smoothing
  3. The difference between economics-based and conventional financial planning.
  4. The dynamic programming methodology underlying economics-based financial planning.
  5. Examples of how economics-based financial planning can safely raise clients' living standards and make prudent investments.

Who should attend: 

CPAs, other professionals who provide financial planning advice and top management executives, CEOs, CFOs in charge of the financial planning function of their company. 

Learning Objectives

  • To review everything economists recommend when it comes to financial decisions as compared to conventional financial advice
  • To discuss the ad-hoc and deeply flawed methodology underlying conventional financial planning software.
  • To demonstrate economics-based financial planning using the sole planning tool available that does economics-based planning.

Who Should Attend?

  • Certified Financial Planner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Director
  • Finance Pros
  • Young CPA

Testimonial

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(
    [average] => 4.2931
    [no_of_record] => 58
)
 

4.3

(58)
48%
36%
12%
3%
0%

RJ

Super awesome presenter. I was having a conversation last weekend about this topic with friend who has an economics degree.

CH

good

JR

Interesting program

WWMN

Thank you

LS

I knew content was not relevant to my job when I registered. Interest was mostly personal in addition to getting the CPE credit.

RB

Presentation could use some more preparation ahead of time.