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

The Complete Disconnect Between Economics-Based and Conventional Financial Planning

2 Credits

$20

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-S)

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 General Financial Planning Principles for all CFPs (CFP Board Approved : 8061) (Approval No. 292377)

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

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Economics Based financial Planning
    4 mins
  • Consumption Smoothing
    18 mins
  • Case Study
    36 mins
  • Economics Based Investment Advice
    50 mins
  • Base Profile Choose a report
    64 mins

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

Testimonial

3.7

(30)
17%
50%
20%
13%
0%

FC

Very slow and drawn out, too academic.

LM

Difficult to follow instructor and complex concepts. Examples were helpful, as well as software demo but not enough time for explanations.

TZ

It was a sales pitch. Or he doesn't understand that there are other ways to smooth consumption and optimize spending.