Objective
- Understand life insurance for both income and estate planning
- Identify strategies that are effective following estate and gift tax reform
- Understand options available to baby boomers as they reach retirement in light of Social Security
- Prepare for potential legislative changes to retirement and estate planning
Highlights
- Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals
- Changes to the lifetime estate tax exemption in light of proposed regulations
- Considerations when selling a principal residence
- Tax benefits of HSAs
- An overview of the mechanics and practical considerations of Donor Advised Funds
- Virtual currency, including new Notices 2023-34 and 2023-27
- The best new income tax and estate-planning ideas
- The changing Social Security landscape: long-term solvency issues and what it means for retirement planning
- Creative charitable giving strategies
- Financial planning strategies
- Maximizing retirement plan benefits
- Using intentionally defective grantor trusts
- Miscellaneous tax-planning techniques that can add up to significant tax savings
- How to use the whole family for tax savings
- Life insurance
- Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Designed For
All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advicePrerequisite
Basic course in individual income tax, Social Security, and estate planningAdvanced Preparation
None