Retirement Income: Maximizing Tax Saving Strategies
The need for effective retirement planning has never been greater. This 2.5-hour course is essential for participants who wish to attain a comfortable retirement income for themselves and their clients by maximizing tax saving strategies. Retirement income needs are analyzed; Social Security benefits are determined, and distribution options from IRAs and retirement plans are explored.
Course Information
Price: $30
This course is included in our Mega CPE Subscription and our Unlimited Tax Bundle.
Course No. M170
Format: Online pdf (72 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites:Â General understanding of federal income taxation
Advance Preparation:None
Level: Overview
CPE Credit: 2.5 hrs.
Field of Study: Taxes: Technical
Course expiration:Â Â You have one year from date of purchase to complete the course.
Course Revision Date: May 2026
Objectives
Course topics:
* Popular retirement myths
* Defining retirement & determining retirement income needs
* Savings
* Assets
* Social Security
* Retirement plans
* Distributions from retirement plans
* Nonqualified deferred compensation
* Life insurance
* Estate planning
Upon completion of this course you should be able to:
- Identify planning guidelines for retirement recognizing timing and location factors.
- Determine retirement costs and income needs based on their current income, select tax savings strategies, and identify investment assets to attain financial independence.
- Recall the qualifications for Social Security retirement & disability benefits and specify adjustments to retirement benefits.
- Identify basic types of qualified corporate plans and other sources of retirement income such as SIMPLE and stock ownership plans.
- Determine the difference between annuity payments and lump-sum distributions, specify key components of rollovers, premature distributions & required distributions, and identify nonqualified deferred compensation.
- Cite the benefits, uses, and types of life insurance, and specify how three basic estate planning tools can be incorporated into tax practice.
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