Estate & Financial Planning for the Baby Boomer Client (Currently Unavailable)

Author: David R. Peters

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

With all of the recent changes in the tax code and the increasing number of retirees, proper financial planning is more important than ever. This course will help you understand and identify estate planning opportunities specifically for Baby Boomer clients.

Publication Date: October 2018

Designed For
Any financial professional that has retiree clients, or clients who are planning for retirement in the next few years.

Topics Covered

  • Key issues in managing risk and investments at or near retirement
  • Overview of Social Security
  • Distribution Planning & RMD's
  • Key changes in estate taxation in 2018
  • Considerations for wills
  • Insurance considerations in retirement

Learning Objectives

  • Recognize how to manage cash flow in retirement
  • Identify the key issues facing Baby Boomers in retirement
  • Recognize how estate planning has changed post-tax reform
  • Describe assumptions included within the CAPM model
  • Identify the type of U.S. worker covered under Social Security
  • Differentiate tables used to identify client types
  • Describe Medicare Parts
  • Identify the new top income tax bracket starting in 2018 for U.S. tax payers
  • Recognize which groups currently make up the largest percentage of the U.S. population
  • Describe the 4-factor model which adds a liquidity factor
  • Differentiate Social Security programs and when they were established
  • Identify when Social Security and various benefits may be taken
  • Describe when minimum distributions from respective retirement plans typically must be take
  • Identify which factors result in a lower premium with respect to long-term care insurance

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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