Retirement Plans ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
As we age, the importance of effective retirement planning becomes increasingly critical, not just for ourselves but also for our clients. Tax practitioners, in particular, face the challenge of navigating complex tax laws to maximize retirement savings. This course offers a comprehensive solution, blending federal taxation with retirement planning strategies. Focused on practicality, it is tailored to address the needs of the self-employed and highly compensated individuals. The course covers a range of essential topics, including the differences between qualified and nonqualified deferred compensation plans, understanding the intricacies of various pension plans, and mastering the specifics of Roth IRAs and traditional IRAs. Participants will gain a thorough understanding of distributions from IRAs and other retirement plans, learning how to optimize tax-saving strategies for a secure and comfortable retirement.
Highlights
Deferred compensation. Vesting. Individual plans. Tax-free rollovers.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents and attorneys.
Objectives
Determine the differences between qualified and nonqualified deferred compensation plans identifying the tax advantages and disadvantages of each. Define the requirements of a qualified pension plan. Recognize how the basic ERISA provisions define the elements of qualified plans. Identify the types of defined contribution and defined benefit plans and their effect on retirement benefits. Recognize the elements of Roth IRAs and traditional IRAs by specifying how distributions work, how to set up the various IRAs, utilize tax-free rollovers, designate beneficiaries, and make distributions to beneficiaries. Cite contribution limits for various IRAs. Determine how to recharacterize Roth IRA contributions.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $100.00
Member Price $87.00