This highly informative, one-day program will enhance your knowledge and understanding of IRAs and other retirement planning vehicles. You will learn advanced planning techniques using IRAs, Roth IRAs, rollover IRAs and 'stretch' IRAs. Material will equip you with current and practical information you need to help your clients realize their financial objectives. Discussions will highlight the uses for each type of retirement plan, tax implications and estate planning strategies in choosing the appropriate vehicle. The program will also discuss various investment alternatives for the each type of IRA, including real estate and 'non-traditional' investments.
- New tax laws mean new opportunities for retirement planning!
- IRAs are not just for your own retirement plans!
- Learn how to properly structure your beneficiary designations!
- New specialized products to guarantee your retirement income - without a pension!
- Roth IRAs are for everyone - learn why!
- Using IRAs for real estate investing
- The attendee will be able to discuss the history of retirement planning.
- The attendee will be able to identify IRA distribution planning.
- The attendee will be able to review ethics in insurance and investment planning.
8:30 a.m. - 8:45 a.m.
A. Seminar Highlights
B. What You Can Expect To Learn By Attending This Seminar
C. Understanding What You Wish To Gain From Attending This Seminar
8:45 a.m. - 9:55 a.m.
II. History Of Retirement Planning
A. Life Expectancy And The Need For Longevity Planning
B. Legislative History
C. Defined Benefit Plans (DBPs)
D. Social Security As The Foundation Of The 'Three-Legged Stool'
E. Evolution From DBPs To Defined Contribution Plans (DCPs)
G. 401(k)s, Keogh Plans, SARSEPs, SEP Plans
H. Third Party Administrators (TPAs)
I. Fiduciary Responsibility
J. Social Insecurity In The 21st Century
9:55 a.m. - 10:05 a.m.
10:05 a.m. - 10:45 a.m.
III. The Rise In Importance Of Personal
Savings In Retirement Planning
A. 1974-1981: Introduction Of Individualized Retirement Accounts (IRAs)
B. 1981-1998: IRA Plans Gain Broad-Based Acceptance
C. 1998-Present: Introduction Of The Roth IRA
D. Savings Rates Declines, Along With Stock Market Levels
10:45 a.m. - 11:10 a.m.
IV. Picking The Right Plan For Small
C. Traditional 401(k) Plans
D. Individual 401(k) Plans
E. Non-Qualified Retirement Plans
11:10 a.m. - 11:25 a.m.
V. Advantages And Disadvantages Of IRAs
11:25 a.m. - 11:45 a.m.
VI. Introduction To Investment Planning
Alternatives For IRAs
A. Bank And Thrift Alternatives
B. Individual Bonds
C. Individual Securities
D. Mutual Funds
1. Bond Funds vs. Individual Bonds
2. Diversification Of An Investment Portfolio
E. Annuities, Fixed And Variable
1. Qualified Money Inside Of Tax- Deferred Insurance Products
F. Self-Directed Accounts
1. Special Rules Apply For These Kind Of Accounts
2. Real Estate And Other 'Non- Traditional' Investments In An IRA
3. UBIT – Unrelated Business Income Tax
11:45 a.m. - 12:45 p.m.
Lunch (On Your Own)
12:45 p.m. - 1:30 p.m.
VII. Withdrawal Options For Qualified
Retirement Plans (QRP)
A. Rollover To IRA
B. Highly Appreciated Stock In A QRP
C. Lump-Sum Distributions
D. QDRO Planning
1:30 p.m. - 2:15 p.m.
VIII. IRA Distribution Planning
A. Normal Distributions
B. Tax Reporting
C. Pre-Age 59½ Distributions
1. Exceptions To The 10% And 20% Penalty Taxes
D. Required Minimum Distributions (RMD)
1. Uniform Table
2. Alternatives To The Uniform Table
E. Distributions Following Death
F. Roth IRA Conversions
G. The Surprising Facts About Why It Makes Sense To Convert Your Traditional IRA To A Roth IRA – A Case Study
2:15 p.m. - 2:45 p.m.
IX. Beneficiary Designations For IRAs And
A. Naming Beneficiaries
B. Naming A Trust As The Beneficiary Of An IRA Or QRP
C. Use Of A QTIP In Retirement Planning
2:45 p.m. - 2:55 p.m.
2:55 p.m. - 3:20 p.m.
X. IRAs In Education Planning
A. Traditional IRAs
B. Roth IRAs
C. Coverdell ESAs
3:20 p.m. - 3:40 p.m.
XI. Update On Current Tax Planning
A. How Changes May Affect Planning
3:40 p.m. - 4:30 p.m.
XII. Ethics In Insurance And Investment
A. Investment Policy Statements
B. Risk Tolerance
C. Ethics, Law And Codes Of Ethics