29 Tax-Smart Tips for Retirement Savers in Uncertain Times

CATEGORY: Taxation

COURSE ID: CLNEWA, VERSION 1.00

Online & Mobile

5 CPE Credits

29 Tax-Smart Tips for Retirement Savers in Uncertain Times discusses various tax-smart retirement planning strategies appropriate in the current political, economic, and federal tax environment. This course gives retirement planners information to help clients make the best choices for their retirement savings. The course discusses in detail retirement plan options, including the solo 401(k). The course also covers Roth IRAs, Roth conversion transactions, and early retirement tax considerations. This course is updated to cover recent legislation, including the SECURE Act, CARES Act, 2021 Consolidated Appropriation Act, and American Rescue Plan Act.

This course is most appropriate for professionals with knowledge and experience in retirement planning or an interest in developing expertise in this area.

5 Credits

$89.00

Online & Mobile

Add to Cart Preview

The Current Retirement Savings Scene and How Tax-Favored Retirement Plans Can Help
1. Evaluating Federal Tax Uncertainties
2. Tip No. 1: Low Individual Tax Rates for Now
3. Tip No. 2: How the Retirement Savings Picture Has Changed
4. Tip No. 3: Taking Advantage of Traditional IRAs
5. Tip No. 4: Taking Advantage of Roth IRAs
6. Tip No. 5: Taking Advantage of Salary-Reduction Plans
7. Tip No. 6: Taking Advantage of Plans for Executives and Self-Employed Individuals
8. Tip No. 7: Small Business Defined Contribution Plans versus Defined Benefit Plans
9. Tip No. 8: The Simplified Employee Pension (SEP) Option for Small Businesses
10. Tip No. 9: The Defined-Contribution Keogh or Profit-Sharing Plan Option for Small Businesses
11. Tip No. 10: The SIMPLE IRA Option for Small Businesses
12. Tip No. 11: The Defined-Benefit Pension Plan Option for Small Businesses
13. Tip No. 12: The Solo 401(k) Plan Option for Small Businesses
14. Tip No. 13: Basic Strategies for Managing Retirement Savings
Allocating Investment Dollars to Retirement Accounts and Answering the Roth Conversion Question
1. Tip No. 14: Low Tax Rates on Capital Gains and Dividends for Now
2. Tip No. 15: Many Individuals Qualify for 0% Tax Rate on Long-Term Capital Gains and Qualified Dividends
3. Tip No. 16: Tax-Smart Investing Strategies
4. Tip No. 17: Making Tax-Smart Allocations of Investment Dollars between Different Types of Retirement Savings Accounts
5. Tip No. 18: Contributing to Tax-Deferred Retirement Accounts Is Still a Tax-Smart Move
6. Tip No. 18.5: Evaluating the Roth Conversion Option
7. Tip No. 19: Implementing a Roth Conversion
8. Tip No. 20: Using Projections to Assess Whether Client Should Convert Traditional IRA into Roth Account
Dealing with Employer Stock Held in Qualified Retirement Plan Accounts
1. Tip No. 21: Evaluating Whether Employer Shares Should Be Rolled over into IRA or Kept in Taxable Account
2. Tip No. 22: Favorable Treatment Applies Only to Employer Shares Received in Lump-Sum Distribution
Planning for Early Retirees and Early Retirement Account Withdrawals
1. Tip No. 23: Planning for IRA Rollovers
2. Tip No. 24: Early Retiree Strategies to Avoid 10% Penalty Tax on Early Withdrawals
3. Tip No. 25: Annuitizing Retirement Accounts to Avoid 10% Early Withdrawal Penalty Tax
4. Tip No. 26: Taking Advantage of Exceptions to 10% Penalty Tax for Early Withdrawals from IRAs
5. Tip No. 27: Exceptions to 10% Penalty Tax for Early Withdrawals from Qualified Retirement Plans
6. Tip No. 28: How to Handle Early Roth IRA Withdrawals
7. Tip No. 29: Early Retirees Should Consider Other Tax-Smart Sources of Cash

29 Tax-Smart Tips for Retirement Savers in Uncertain Times

Accreditation Information

Learning objectives

Course outline

Requirements