Surgent's Securing a Comfortable Retirement in the Age of Spending
Overview
This course gives CPAs the knowledge to help their clients plan for retirement by evaluating how much retirement income they will require and planning for how to reach their retirement goals.
Highlights
- Retirement planning using variables such as desired lifestyle, travel plans, housing plans, medical needs and family needs to customize a retirement plan unique to the client
- Using the residence and other real estate as retirement assets through equity and rent
- Using the small business as a retirement resource through creative retirement plans
- Overview of asset allocation, portfolio management, portfolio rebalancing, and investment selection concepts, before and after retirement
- The three-legged retirement stool of employer retirement, savings, and Social Security
- Distribution/asset liquidation planning
- Analysis of the most current/important research on retirement planning and sustaining retirement income levels
Prerequisites
Basic knowledge of retirement planning
Designed For
CPAs looking to advise clients on retirement planning, and CPAs looking for effective strategies for their own retirement
Objectives
- Help clients determine retirement strategies for the desired retirement lifestyle
- Identify resources available for retirement
- Explain how budgeting can identify retirement resources
- Understand how to build the three-legged retirement stool: employer retirement, savings, and Social Security
- Understand the need for Plan B when the ideal retirement goal is not achievable
- Explain ways that clients can convert the equity in a home to retirement income
- Explain how the value of a small business can be converted to retirement income
- Explain survival possibilities and how first-to-die and last-to-die survival probabilities are used in retirement planning for married couples
- Understand timing regarding the use of taxable retirement funds and nontaxable funds, and strategies to minimize income tax on Social Security
- Recognize the role of various investment types, such as life insurance, annuities, mutual funds, equity holdings, and bonds in retirement planning
- Summarize key points of recent research on the sustainability of retirement income and maintenance of desired retirement lifestyles
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education.
Leader(s):
Leader Bios
Mike Frost
Mike Frost, CPA, of Jacksonville, Alabama, provides tax consulting, continuing education, and motivational speaking services through his company, Mike Frost Enterprises. Mike is a former shareholder of MDA Professional Group, PC, where he managed the tax department of the Albertville office. Mike has 31 years of experience in public accounting, including but not limited to: Business and individual income tax preparation and planning; mergers and acquisitions; estate, gift, and trust tax preparation; small business consulting; Medicare planning and other elder care; audit representation; and religious groups and clergy. Mike has conducted CPE engagements and seminars throughout the United States and has served as technical advisor for tax articles in The Sand Mountain Reporter, a local newspaper. Mike has been a featured presenter at the Alabama Society of CPAs Annual Meeting and the Federal Tax Clinic held annually at the University of Alabama in Tuscaloosa. Mike graduated with “high honors and distinction” from Jacksonville State University with a major in accounting, a minor in finance, and a 4.0 GPA. He is a member of the American Institute of Certified Public Accountants and the Alabama Society of Certified Public Accountants. In addition, he is a graduate of the Tax Planning and Advising for Closely Held Businesses Certificate of Educational Achievement Program sponsored by the AICPA.
Non-Member Price $329.00
Member Price $279.00