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Economics Based financial Planning4 mins
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Consumption Smoothing18 mins
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Case Study36 mins
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Economics Based Investment Advice50 mins
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Base Profile Choose a report64 mins
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Click Here to Register- Course Description
- Course Qualification
- Presenter
- FAQ
Course Description
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 continuing education (CE) webinar will also contrast conventional financial planning with economics-based financial planning. Attendees in this Tax CE webinar 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:
- This historical development of economics-based financial planning.
- Consumption Smoothing
- The difference between economics-based and conventional financial planning.
- The dynamic programming methodology underlying economics-based financial planning.
- Examples of how economics-based financial planning can safely raise clients' living standards and make prudent investments.
Recommended For:
This on-demand Tax webinar is recommended for 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
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Young CPA
Course Qualification
Webinar Qualifies For
- 2 CPE Credit for Financial Services Certified Professional (FSCP)
- 2 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00430-21-S)
- 2 CPE Credit for Chartered Financial Consultant (ChFC)
- 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
- 2 CPE Credit for Certified Fraud Examiner (CFE)
- 2 CE Credit of General Financial Planning Principles for Certified Financial Planner (US) (Approval No. 292377)
- 2 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0431)
- 2 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
- 2 CPE Credit for Wealth Management Certified Professional (WMCP)
- 2 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00430-21-S)
- 2 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00430-21-S)
- 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
- 2 CE Credit for Certified Wealth Strategist (CWS)
- 2 General Credit for Accountant/Bookkeeper (ACCT./BK)
Additional details
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Course Level :Basic
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Credits :2
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Instructional Method :QAS Self Study
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Pre-requisites :None
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Advance Preparation :None
IRS APPROVED
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
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.
CTEC APPROVED
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Presenter
About Presenter
Laurence Kotlikoff
Professor, MaxiFi Planner
Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center.
Professor Kotlikoff has written 19 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author and a frequent television and radio guest. His columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, Yahoo.com, Fortune, and other major publications. In 2014,The Economist named him one of the world’s 25 most influential economists
About Company
MaxiFi Planner
MaxiFi is our state-of-the-art financial and retirement planning tool that calculates what you should spend, save, and insure annually to maintain your living standard. It also examines tens of thousands of Social Security, retirement account, annuity and other strategies to raise your living standard. The result is often tens to hundreds of thousands of dollars in additional lifetime spending.
Faq
FAQs content
- To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
- Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
- You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
- Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
- This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
- If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
- Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
- You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
- As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
- myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
Ratings and Review
3.8
73 Ratings
AC
Ashley Crutchfield, CPA (US)
Mar 28th, 2022
I think the content has the potential to be interesting but the delivery was dry and hard to follow
MG
Maribel Gerstner, CFP (US)
Nov 5th, 2021
Dry, but interesting.
TZ
Thomas Zimmerman, CFP (US)
Oct 26th, 2021
It was a sales pitch. Or he doesn't understand that there are other ways to smooth consumption and optimize spending.
BM
Barbara Mckee, CPA (US)
Jan 9th, 2022
uh uh uh uh um uh uh . .. .
BP
Bryan Pione, ACCT/BK
Nov 25th, 2021
This is basically just sponsored content for the software side business that the lecturer runs.
$20
2 Credits
Subject Area
Taxes
