Overview
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Foundation Concepts
4 mins
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Failing to Provide for a Spouse
17 mins
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Naming a Non-qualified trust as the Beneficiary
31 mins
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Naming an Older Relative as the Secondary Beneficiary of a Exception Trust
48 mins
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Failing to Quality for the Charitable Contribution Income Tax Deduction
72 mins
Course Description
Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, sizing up expenses, implementing a savings program, and managing assets and risk.
Therefore, Retirement Plans are often a huge part of a client’s balance sheet and eventual estate. Understanding the possible traps and proper planning is essential to minimize adverse tax consequences.
This Retirement CPE will review:
- Foundation concepts,
- Describe common disasters, and
- Provide solutions you were not there to help the client avoid.
Specifically, in this retirement planning CPE webinar, Bob will cover the following key topics:
- Failing to update the beneficiary designation form after a death or divorce
- Failing to provide for a spouse
- Failing to name a beneficiary
- Failing to name contingent beneficiaries
- Naming the estate as beneficiary
- Naming a non-qualified trust as the beneficiary
- Naming a potential spendthrift as beneficiary
- Naming an older relative as the primary beneficiary
- Naming a trust with older relatives who are primary beneficiaries
- Incorrect titling of an inherited IRA
- Rolling-over an inherited IRA into a personal IRA
- Failing to qualify for the charitable contribution income tax deduction
- Impact of the Secure Act
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Learning Objectives
- To identify the consequences failing to update the beneficiary designation form after a death or divorce
- To explore the ramifications of failing to provide for a spouse
- To recognize repercussions of failing to name a beneficiary
- To identify the results of failing to name contingent beneficiaries
- To recognize effects of naming the estate as beneficiary
- To explore the results of naming a non-qualified trust as the beneficiary
- To identify consequences of naming a potential spendthrift as beneficiary
- To recognize the effects of naming an older relative as the primary beneficiary
- To explore the ramifications of naming a trust with older relatives who are primary beneficiaries
- To recall the consequences of incorrect titling of an inherited IRA
Recommended For
This retirement CPE webinar is recommended for any Professional or Planner who work with clients on the Retirement, Estate and Trust or Financial Planning.
Who Should Attend?
- Certified Financial Planner
- Certified Valuation Analysts
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Finance Pros
- Financial Planner
- Finanical Analyst
- Fraud Examiner
- Personal Financial Specialist (PFS)
- Tax Accountant (Industry)
- Tax Attorney
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros