CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

The Complete Disconnect Between Economics-Based and Conventional Financial Planning

4.5 (26)

Laurence Kotlikoff

MaxiFi Planner

Wednesday, July 28, 2021 | 10:30 AM EDT

  • CFP
  • CPA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
  • CFE

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

Upcoming Webinars

everything you need to know about partnerships

(2)

Jul 26, 2021 | 09:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Jul 26, 2021 | 09:00 AM EDT View Details

sox internal controls for inventory

Jul 26, 2021 | 09:30 AM EDT View Details

basic concepts of fixed asset accounting

(1)

Jul 26, 2021 | 09:30 AM EDT View Details

quickbooks for desktop pc exploring the interface - for beginners

(1)

Jul 26, 2021 | 10:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Jul 26, 2021 | 10:00 AM EDT View Details

excel accountant: intro to spreadsheets in-depth

(1)

Jul 26, 2021 | 10:00 AM EDT View Details

2020 t2 - step-by-step guide preparing t2 return in profile

Jul 26, 2021 | 10:00 AM EDT View Details

workplace culture

Jul 26, 2021 | 10:00 AM EDT View Details

employment law – what will get you sued in 2021

(67)

Jul 26, 2021 | 10:30 AM EDT View Details

ethics irs circular 230 - controversy side of circular 230

(47)

Jul 26, 2021 | 10:30 AM EDT View Details

s-corp preparation, basis calculations & distributions – form 1120s schedule k & k-1 analysis

(4)

Jul 26, 2021 | 11:00 AM EDT View Details

agile auditing

(3)

Jul 26, 2021 | 11:00 AM EDT View Details

itemized deduction updates - with examples & case studies (basic overview)

(222)

Jul 26, 2021 | 11:30 AM EDT View Details

excel’s data validation tools - keep out bad data from the start

(2)

Jul 26, 2021 | 11:30 AM EDT View Details

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

Array
(
    [no_of_record] => 26
    [average] => 4.4615
)
 

4.5

(26)
54%
38%
8%
0%
0%

CH

good

JR

Interesting program

RB

Presentation could use some more preparation ahead of time.

MC

Laurence is obviously a very bright man. Unfortunately I think the presentation should be improved by refining what the object of the learning is; perhaps a compare and contrast between traditional financial planning and economics based financial planning. Ditch the formulas -- we're a bunch of CPAs and we trust that you have support for the math / results. Polling questions were haphazardly placed, bunched together and not well written.