CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Retirement Plans

3 Credits: Taxes

$87.00$107.00

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Retirement Plans

Format
Self-Study
Course Level
Overview
CPE Credits

3 Credits: Taxes

Course Description

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.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Determined the differences between qualified and nonqualified deferred compensation plans identifying the tax advantages and disadvantages of each, that is fine the requirements of a qualified pension plan, and 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, and determine how to recharacterize Roth IRA contributions.
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Course Specifics

Course ID
8212805
Revision Date
March 7, 2023
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02140-22-S
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1640
CTEC Federal Tax Law Credits: 3

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

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 …