29 Tax-Smart Tips for Retirement Savers

CATEGORY: Taxation

COURSE ID: CLNEWA, VERSION 4.00

(106)

Online & Mobile

5 CPE Credits

Level: Intermediate

29 Tax-Smart Tips for Retirement Savers covers various tax-smart retirement planning strategies appropriate in the current 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. The course cover changes included in the SECURE Act 2.0 and inflation-adjusted amounts.

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

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The Current Retirement Savings Scene, and How Tax-Favored Retirement Plans Can Help, Including Changes in SECURE 2.0
1. Evaluating Federal Tax Uncertainties
2. Tip No. 1: Low Individual Tax Rates
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
10. Tip No. 9: The Defined-Contribution Self-Employed Keogh Plan or Corporate Profit-Sharing Plan Options
11. Tip No. 10: The SIMPLE IRA
12. Tip No. 11: The Defined-Benefit Pension Plan Option
13. Tip No. 12: The Solo 401(k) Plan Option
14. Tip No. 13: Most Important SECURE Act 2.0 Tax Changes for Individuals and Small Businesses
15. Tip No. 14: Basic Strategies for Managing Retirement Savings
Allocating Investment Dollars to Retirement Accounts and Answering the Roth Conversion Question
1. Tip No. 15: Low Current Tax Rates
2. Tip No. 16: Many Individuals Qualify for 0% Tax Rate on Long-Term Capital Gains and Qualified Dividends
3. Tip No. 17: Tax-Smart Investing Strategies
4. Tip No. 18: Making Tax-Smart Allocations of Investment Dollars between Different Types of Retirement Savings Accounts
5. Tip No. 19: Contributing to Tax-Deferred Retirement Accounts Is Still a Tax-Smart Move
6. Tip No. 20: Evaluating the Roth Conversion Option
7. Tip No. 21: Implementing a Roth Conversion
8. Tip No. 22: 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. 23: Evaluating Whether Employer Shares Should Be Rolled over into IRA or Kept in Taxable Account
2. Tip No. 24: Favorable Treatment Applies Only to Employer Shares Received in Lump-Sum Distribution
Planning for Early IRA Withdrawals
1. Tip No. 25: Planning for IRA Rollovers
2. Tip No. 26: Avoiding the 10% Penalty Tax on Early IRA Withdrawals
3. Tip No. 27: How Early Roth IRA Withdrawals Are Taxed
4. Tip No. 28: Form 5329 Must Be Filed to Report 10% Early Withdrawal Penalty Tax
5. Tip No. 29: Early Retirees Should Consider Other Tax-Smart Sources of Cash

29 Tax-Smart Tips for Retirement Savers

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