The Tax Cuts and Jobs Act made sweeping changes to the US tax code, including provisions to retirement plans. Attend this session to learn the most up-to-date information to help your clients get the most out of their social security and IRA distributions.
BENEFITS
Earn 4 CPE credits.
HIGHLIGHTS
Social Security: Maximizing Benefits Under the "New Rules"
Ash Ahluwalia, CFP, MBA, NAAS, CSSCS - National Social Security Partners LLC
Learn how to protect income in retirement and maximize social security benefits. We will also review the “new rules” governing Social Security as a result of the Bi-partisan Budget Act of 2015. Over 90% of recipients get less money than they are entitled to. There are over 2,700 rules governing social security, married couples have over 567 filing options and social security agents are prohibited from offering advice. We will address strategies to minimize the taxation of Social Security benefits as well as the best way to maximize benefits for high-net worth individuals.
IRA Distribution
Bernadette Strout, CFP®, CDFA®, CWS® - Manhattan Ridge Advisors
This seminar will discuss the various types of distributions from Traditional IRA’s, ROTH IRA’s, Simple IRA’s and Inherited IRA’s and the different taxes or penalties that can be accessed. Help your clients be proactive by planning for the possible tax implications of IRA Distributions.
- Types of Distributions from IRA’s & Distribution Codes
- Hidden Tax Increases caused by Distributions
- Exceptions to the 10% Early Distribution Penalty
- Qualified Charitable Distributions
- New rules for ROTH Conversions
- Required Minimum Distribution Mistakes
- Failed Rollovers are Costly
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Early birds save $15 - late fee will be applied on and after 11/11. Season Pass holders must register for each event.
To access the course materials, please visit your My Events page. Handouts are added as received - remember to check back for updates.
Help Feed Those in Need- The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.