Surgent's Securing a Comfortable Retirement - Download

May 1st, 2024 - April 30th, 2025 @ -

Credits

Description

Objectives

• Help clients determine how much retirement income is necessary for the desired retirement lifestyle
• Identify resources available for retirement
• Understand how to build the three-legged retirement stool: employer retirement, savings, and Social Security
• Develop 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

Major Subjects

• 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, non-qualified deferred compensation, and converting the value of the business through sales within the family or to an outside party
• An overview of portfolio management for retirees, including: sustainable portfolio withdrawal rates; balancing investments between income and equity, and taxable and nontaxable; and asset liquidation and distribution timing to minimize the tax impact of retirement distributions and maximize cash flow from retirement vehicles and Social Security
• Developing a three-legged retirement stool of employer retirement, savings, and Social Security, and timing the use of the legs of the stool to maximize after tax retirement benefits
• Analysis of the most current/important research on retirement planning and sustaining retirement income levels and lifestyles and the impact of the most recent tax laws, regulations, and rulings
• Planning with the new retirement provisions of SECURE Act 2.0

Prerequisites