Noncredit Course
Retirement Planning Today (Section A)
Event ID: P10405
Info: Oct 17-24 • Sat • 9:00am-12:00pm • 2 mtgs • UHM Holmes 242 • $59, includes 225-page workbook • spouse or partner welcome to attend and share book with registered student
With: Michelle Tucker
Create a plan to retire early, or be prepared if you are planning to retire soon. This comprehensive retirement planning course shows how to use new tax laws to your advantage, ask the right questions when evaluating insurance coverage, select the retirement plan distribution choice that is right for you, use five investment strategies to minimize risks and maximize returns, and plan retirement income strategies to preserve your standard of living.
COURSE OUTLINE
Life Planning for Retirement
- Traditional vs. new retirement
- New retirement opportunities
- Values and objectives in nine areas of life
- The retirement planning process
Retirement Needs & Expenses
- Early retirement trends
- How long must your money last?
- Inflation, prices, and purchasing power
- Real rate of return
- Retirement expectations
- How much will you need to retire?
- Can you retire today?
Retirement Roadblocks & Mistakes
- Ten retirement planning mistakes
- Financial and cash-flow statements
- Credit and debt
- Taxes and marginal tax rates
- Eleven strategies to save money on taxes
- Taxable investments
- Capital gains income tax exclusion
- Investments with tax advantages
Retirement Income Sources
- Traditional IRAs
- Roth IRAs
- IRA to Roth IRA conversions
- Other retirement income sources
- Social Security eligibility and benefits
- Employment income and Social Security
- Employer-sponsored defined benefit plans
- Employer-sponsored defined contribution plans
Retirement Plan Distributions
- Retiring or changing jobs?
- Defined benefit and contribution plans
- Three important considerations
- Lump sum vs. IRA transfer vs. annuity payments
- Rollovers, direct rollovers, and transfers
- Annuity income and choices
- Pension maximization
- Early retirement considerations
- Minimum required distributions
Investments
- Considerations before you invest
- Cash accounts
- Bonds
- Stocks
- Mutual funds
- Unit investment trusts
- Individually managed accounts
- Tax-deferred annuities
- Investment risk management strategies
Risk Management & Asset Protection
- Disability income insurance
- Health insurance and Medicare
- Long-term care and insurance
- Comparing life insurance
Estate Planning
- Planning for incapacity
- Taxes
- A will may not be enough
- Probate
- Gifting assets
- Joint ownership of property
- Direct transfer assets
- Benefits of trusts
- Types of trusts
Michelle H. Tucker, JD, CPA, CFP, is a founding partner of the firm Sterling & Tucker, where she has practiced since 1991. Tucker became a Certified Estate Planning Law Specialist, certified by the Estate Law Specialist Board, Inc., granted only to lawyers in good standing who have successfully completed a specialty program accredited by the American Bar Association, in 2000. A Goldline Research Award Recipient, named one of 10 Most Dependable Wealth Managers in the Pacific Northwest and Hawai‘i in 2008, Tucker was also nominated for the Pacific Business News Women Who Mean Business 2008 award.