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.
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.
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
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.
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
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
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
Testimonial
4.5
(26)
54%
38%
8%
0%
0%
CH
Curtis Harrington, Attorney, EA, Tax Pros
Mar 2nd 2021
good
JR
John Robichaud, CPA
Mar 1st, 2021
Interesting program
RB
Robert Byrnes, CPA
Mar 1st, 2021
Presentation could use some more preparation ahead of time.
JR
James Reiner, CPA
Mar 1st, 2021
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.
