Personal Financial Planning Strategies Insurance Issues (1st Ed.)

Overview

The SECURE Act and follow-up IRS guidance turned retirement plan distribution rules on their head’especially when trusts are involved. Trusts are still a popular way to pass on IRAs and other retirement assets, but the tax treatment and distribution rules today look very different from the old playbook. In this course, we’ll unpack the new landscape step by step. You’ll get clear on the categories of beneficiaries, the common types of trusts used, and how distributions are actually reported. With practical examples and straightforward analysis, you’ll walk away ready to: Evaluate beneficiary designations with confidence Spot tax consequences before they cause surprises Anticipate and navigate planning challenges under current law

Highlights

• Overall insurance concerns
• Regulatory concerns, potential exposures
• Various risks surrounding the client and how to manage them
• Different types of products in the marketplace
• The tax consequences of each type of insurance

Prerequisites

A basic understanding of insurance 

Objectives

• Understand the many exposures associated with various types of risk
• Learn how to assess, evaluate and diagnose proper insurance strategies
• Review how to apply practical solutions to mitigate risks
• Learn about the distinct types of products in the marketplace, policy specifics
• Quantify an appropriate amount of insurance to ensure adequate coverage, underwriting issues

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.