We are all getting older and the need for effective retirement planning has never been greater. If your wish to attain a comfortable retirement for yourself and your clients by maximizing tax saving strategies, this course is essential. Retirement income needs are calculated, net after tax social security benefits are determined, and distribution options from IRAs and retirement plans are explored. Topics covered include life insurance, annuities, and buy-sell agreements as well as estate and eldercare planning. Special consideration is given to the tax treatment of the home and business on retirement.
Product Code
1000003804
Credit Type
CPE: 3
CPE-Technical: 3
Format
Downloadable PDF
Intended Audience
This program is appropriate for professionals at all organizational levels.
NASBA Field of Study
Taxes
Level of Difficulty
Overview
Prerequisites
General understanding of federal income taxation.
Advance Preparation
None
Learning Objectives
Identify federal tax revenue sources, define gross income’s role, and determine a client’s tax liability using current rates, exemptions, and withholding/estimated tax obligations.
Specify the various filing statuses and their filing requirements recognizing the advantages and disadvantages of each.
Determine gross income under §61, including tax treatment of compensation, benefits, rental income, Social Security, alimony, prizes, awards, dividends, distributions, and debt discharge.
Major Subjects
Popular retirement myths
Defining retirement & determining retirement income needs
Savings
Assets
Social Security
Retirement plans
Distributions from retirement plans
Nonqualified deferred compensation
Life insurance
Estate planning
Faculty
Danny C. Santucci
Danny C. Santucci, attorney and counselor at law, began practicing as a tax attorney in Southern California in 1972. With increasing lecture and writing commitments, Mr. Santucci went into sole practice in 1995. He has been a lecturer for the Continuing Education of the Bar of California, Golden Gate University, and numerous state CPA societies. He received the Foundation’s Instructor Excellence Award in 1990, the Award for Meritorious Serv...