With the prospect of low interest rates impacting client retirement cash flows, dividend investing continues to be an attractive option for many investors. In this session, we will provide new insights and considerations relevant to your investors in need of additional cash flow. Are your holdings likely to continue providing the dividend stream you expect? We'll provide a tool that may help you decide.
Upon completion of this program, participants will be able to:
Describe the benefits of Dividend Growth investing
Understand how clients use systematic withdrawals to protect and maximize retirement income
Demonstrate the rule of 4% within a new framework utilizing expected dividend growth
Who should attend?Financial planners who manage investments for their clients
The retirement world has largely been focused on 401(k)s, profit sharing and other traditional defined benefit plans. Should we be paying closer attention to the Cash Balance Pension Plan? This plan type is the fastest-growing part of the defined-benefit pension universe and could become popular as 401(k) plans within the next few years. Ideal for the professional service firm (doctors, law practices, or dentists) with a small number of owners, this type of plan maximizes savings rates and tax deferral. Join this informative webinar to learn how this could be the ideal retirement solution for your client.
You Will Learn:
Understand the differences between Defined Contribution Plans and Defined Benefit Plans
Define the differences between a traditional Pension Plan and a Cash Balance Plan
Learn about the benefits of a combined 401(k) Plan with a Cash Balance Plan
Understand how to maximize owner's contributions
Understand the contributory allowances and limits for Cash Balance Plans
Can't Miss Takeaway:
For advisors working directly with the owner of a small business, who have poured earnings back into their business for years, the Cash Balance can be the ultimate catch up retirement plan Who Should Attend?Anyone working with owners of small businesses, especially professional service organizations.
Retirement plans hold tremendous amounts of wealth and therefore planning for their orderly and efficient disposition at death is critical. As the Baby Boomers continue to age, you will undoubtedly face more numerous IRA questions and issues you must be ready to address.
Learn how the RMD “stretch-out” rules work for IRAs inherited by someone other than a spouse and how to make them work for your client.
Understand the basic requirements and benefits of paying an IRA to a trust
Describe how the ILIT can be prudent to pair with an IRA
With historically low interest rates, we are in an environment that begs us to ask the question Should clients use leverage and leave portfolio dollars invested? Leveraging assets can lead to a potential economic benefit; however, there is also psychological risk, particularly for those carrying debt into retirement. We will explore the use of mortgages during retirement and client satisfaction from both an academic and practical perspective through four theoretically based research articles
Identify both financial and non-financial considerations when counseling a client about mortgage debt in retirement
Recognize how financial and non-financial considerations may effect a clients emotional and financial well-being
Discover how to best bring academic research into practice.
Many of todays workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. Each truths presentation will explain why and will offer specific solutions that are both conceptually simple and eminently feasible because they build on the existing retirement system.
Describe the full scope of the retirement challenge facing today's working-age population
Explain the origins of the retirement challenge
Discuss what actions individuals and the nation as a whole can take to meet the challenge.
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Millions of Americans in their 50s, 60s, 70sand beyondare using their accumulated time, talent, and experience to help solve some of the most urgent and pressing problems facing society in what presenter and social innovator, Marc Freedman, calls encore careers. Encore careers are second acts for the greater good, combining the spirit of idealism with the seriousness of work. These individuals in encore careers are at the vanguard of a growing movement with the potential to make the most of the longevity revolution, now and for generations to come. In this presentation well explore how you can support and prepare your clients to transition to this period of their lives while ultimately contributing to a richer, more productive society for all.
Understand and anticipate the needs of a new generation of clients seeking to contribute during what was once the retirement years.
Appreciate the kinds of retooling opportunities available to individuals transitioning to a new chapter of work after 50.
Help clients plan to underwrite the costs of launching an encore career or second act after the age of 50.
The single biggest source of retirement income for many clients may be their Social Security benefits. In light of the recent sweeping changes to Social Security that eliminated two of the key strategies used to maximize benefits, it is now more important than ever to learn the facts and get your questions answered.
Upon completion of this program, participants will be able to:
Provide more informed advice to clients on what options are available to them under the new rules.
Identify which clients should consider taking action before April 29, 2016.
Better advise clients who may be eligible for survivors or divorce benefits.
Counsel clients on the benefits of deferring their benefits.
Can't Miss Takeaway:
You have an opportunity to learn what Social Security benefits may be available to your clients before the major changes are effective April 29, 2016. Plus, you will learn what is available to spouses, widows and widowers, and divorced clients post-April 29th. Many clients are not collecting what is rightfully theirs. This webinar will help you better server all of your clients on this important issue. Who Should Attend?Financial Planners who advise clients on Social Security as part of a client's retirement plan.
Get What's Yours: The Secrets to Maxing Out Your Social Security
It's no secret that all retirement calculators are not created equal, and it's been well reported that the same inputs receive varying longevity results across retirement tools. Now, research shows that many of these calculators cheat investors out of six or more years of retirement income by using inefficient drawdown strategies.This discovery comes from the research article, "Tax-Efficient Withdrawal Strategies," published in The Financial Analysts Journal and written by William Meyer, CEO, Retiree Inc., and William Reichenstein, PhD, Co-founder, Retiree Inc. Join Retiree Income for this educational webinar to hear the research authors debunk the conventional wisdom around tax-efficient retirement withdrawals, which suggests that in investor should withdraw funds from one account at a time moving to the next one after the previous is exhausted, starting with tax-deferred accounts and moving to tax-exempt accounts. Meyer and Reichenstein will demonstrate that this conventional wisdom, which many retirement income tools are built on, is not the most tax efficient.
Downsizing is a major planning event that can help clients secure their long-term retirement goals. Join John Salter, PhD, CFP® and wealth manager at Evenky & Katz to learn about his extensive research on various strategies for client downsizing, including the use of reverse mortgages and their impact on retirement goals, liquidity and retirement income.
Join retirement income expert, Dr. Wade Pfau, as he shares his academic research on how the strategic use of today's lower-cost FHA-insured reverse mortgages (HECMs) can improve the sustainability of a client's retirement plan and create a larger legacy. During the webinar, Wade will discuss how HECMs can be used as a put option to create liquidity from an otherwise illiquid asset, improve retirement income efficiency, and create a buffer to sequence of return risk.Tom Dickson will use MoneyGuidePro to demonstrate how HECMs can help clients to: (1) pay LESS taxes by reducing withdrawals from IRAs, (2) serve as a lower opportunity cost alternative to SPIAs, (3) refinance conventional mortgages and (4) optimize cash flow when downsizing!
Given the $125 cost* now available in 45 states to put a reverse mortgage in place, these strategies should be considered by all advisers, especially those acting as a fiduciary.Upon completion of this program, participants will be able to:Educate clients on why reverse mortgages should be used proactively to manage risk AND not as a last resort.Inform older clients on the pros and cons of reverse mortgages, including lower initial costs.Evaluate how a reverse mortgage can effectuate strategies such as reducing IRA withdrawals, refinancing, and rightsizing. Present new ideas to older clients that can help preserve their retirement savings and lower their taxes.Explain to older clients the pros and cons of a HECM credit line compared to a HELOC.
Can't Miss Takeaway:
Leading retirement researchers have concluded that today's low-cost reverse mortgage can improve a client's retirement income efficiency, retirement sustainability and their legacy.
Learn how you can truly improve the probability your clients can meet their goals for decades.
Who Should Attend?
Financial planners with middle-class clients ($1 MM or less in savings) whose retirement plans are not fully funded.
The presentation will start off exploring the attractiveness of self-insuring your long-term care (LTC) risk, with insights that are almost guaranteed to change your perception of this issue. It will then organize funding strategies into 3 categories: relying upon the government relying upon whatever resources you have available when care is needed purchasing an insurance product to cover (at least some of) the risk. It will contrast stand-alone long-term care insurance with combo (aka hybrid/asset-linked) products, longevity annuities and post-funding with life insurance.
Participants will gain new insights into issues surrounding self-insuring the risk of long-term care (LTC), a topic that few people have considered in depth. These insights will change participants perception of whether/how clients should prepare for potential LTC needs.
Participants will increase their understanding of the differences between stand-alone long-term care insurance (LTCi), combo life/LTCi or annuity/LTCi products, longevity annuities and post-funding with life insurance.Participants will be better able to address long-term care planning with their clients, whether the client is a planner or non-planner and regardless of whether the client has had personal LTC experience or not.
Most of us think that retirement will look like our working life without the work. The reality is that work provides many important social interactions and fulfills our need for productivity. Research on of life satisfaction suggests that workers and their planners can benefit from understanding what makes retirees satisfied. Beyond just focusing on income and a legacy, imagining a lifestyle in retirement needs to be a part of the retirement planning process. This presentation reviews data from life satisfaction on a longitudinal sample of 20,000 retirees. I'll present surprising results on how satisfaction is related to how we spend our time in retirement, where we move, the importance of social activity and productive leisure, if both spouses should retire at the same time, interactions with children, and the impact of health, and how we should plan for later life physical and cognitive decline.
Understanding how physical and cognitive changes affect the retirement life cycle
Gain insight into the predictors of life satisfaction in retirement
Understand the research that explains how we can get more from retirement through better planning
Many advisers have heard clients ask about options for maximizing their own retirement plan contributions. This session will help you sort through the challenges of these questions and the appropriate answers from some of the leaders of our profession. Questions such as:Would a defined benefit plan or a cash balance plan makes sense for this business owner to maximize their personal retirement savings? When might one use non-qualified deferred compensation funding on top of or in place of traditional retirement plans?What other creative opportunities exist to help business owners receive healthy contributions from their retirement plan?How should advisers approach existing clients that might have existing qualified retirement plans that do not enable them to maximize their personal retirement savings?
Define how you can consider implementing these strategies into your existing practices
Give examples of how you can help your clients maximize their personal retirement saving
Recognize opportunities to better engage with small business owner clients on their existing retirement plans.
Your aging clients and their families need your services beyond investing and asset allocation. You can offer superior service to clients aged 40 – 90! Become the “Go To” professional for access to resources that can make aging easier. Your clients will turn to you first, and you’ll become invaluable to the next generation.
In this session well use an example to build a sustainable retirement plan. Well start with the classic 4% rule based on historical returns and show the impact of adopting realistic forward-looking returns.
We'll then show how we can improve outcomes by:
(1) switching to a dynamic withdrawal strategy,
(2) incorporating annuities to build a higher base of guaranteed lifetime cash flow,
(3) utilizing a reverse mortgage increase retirement cash flow further.
We'll discuss the potential adverse impact of long-term care expenses and what can be done to mitigate the LTC risk.
Describe the impact on retirement plan sustainability of changing to forward-looking return assumptions.Identify opportunities to build more sustainable retirement plans by adopting dynamic withdrawals, utilizing annuities, or utilizing reverse mortgages.Describe the impact on retirement plan sustainability of potential long-term care expenses.
Planning for healthcare in retirement has become one of the greatest concerns for investors. This presentation breakdown not only the costs, but how regulations have changed the financial planning process. For an in depth look into what the future of healthcare has in store we invite to attend.
Explain why planning for health coverage in retirement is a must.
Breakdown the costs surrounding healthcare.
Detail what needs to be done today in order to control the costs of healthcare while saving your Social Security benefit in retirement.
Many of your clients are or may become a caregiver in the near future. Join this session to learn why extended care is a critical component of a retirement portfolio and how to address long term care issues with your clients.
You Will Learn:
Understand the cost implications for health and long-term services and support. Learn the role of family caregivers and their support needs. Identify strategies for communicating the need for long-term care to clients.
Can't Miss Takeaway:
You will learn current research and context of long-term care issues and strategies on how to address these challenging issues with your clients.
Who Should Attend?
All financial planners wanting to learn more about long-term care and how to address it with clients.
Learn the basics of Cash Balance Plans, New Comparability benefit formulas, and non-discrimination testing as well as how permissively aggregating a Cash Balance Plan with a 401(k) Profit Sharing Plan can provide substantially meaningful benefits to employees, while maximizing benefits for the owners of small to mid-sized businesses and sheltering assets from the claims of creditors.
What you will learn about:
1. Understand the basic concept of a Cash Balance Plan.
2. Understand the basics of New Comparability benefit formulas and aggregation of plans to pass complex non-discrimination testing.
3. Understand how to assess a particular business census for application of a Cash Balance Plan, or a Cash Balance and 401(k) Plan combination.
PLEASE NOTE THAT CE CREDIT FOR THIS COURSE IS ONLY AVAILABLE FOR THE DATE AND TIME OF THE LIVE EVENT. ALTHOUGH THE RECORDING WILL BE AVAILABLE FOR YOUR VIEWING 3 MONTHS AFTER THE EVENT, YOU WILL NOT BE ABLE TO SUBMIT FOR CREDIT.
This month's Journal contributor David Armes is joined by fellow healthcare planning expert Dr. Katy Votava to unpack the wealth of information in Armes cover story, "3 Steps to Helping Clients Manage Health Care Costs in Retirement." The two will share their insights into estimating and managing costs, including those related to Medicare, Medicaid, and long-term care. Their discussion is followed by a live Q and A, moderated by FPA's retirement planning Knowledge Circle hosts.
The retirement landscape is changing. Eight thousand baby boomers turn 65 years old every single day and they are living longer. Knowing the major issues and choices that affect this client segment will be critical to growing your business in the future. This presentation reviews how financial advisors can win assets through identifying age-based opportunities and give them the knowledge needed to more deeply engage clients on key retirement income planning issues.
You think that you have a pretty good handle on the basics of what the Social Security retirement program has to offer. But, what should you be telling your clients about possible claiming strategies that couples might employ? How about Medicare? And, how does the receipt of a public pension impact someone's ability to collect Social Security? Learn about some of the other things that planners ought to know about Social Security-and probably don't---so that you can provide real value added to your clients when they come to you looking for help.
Effectively advise clients about different strategies that can be employed in order to maximize someone's lifetime Social Security benefits.
Understand the different parts of Medicare; the importance of timely enrollment; and the negative consequences for failure to do so.
Describe the impact of the receipt of a public pension on someone's Social Security benefits.