Overview
In this PFP Section webcast, a tax expert discusses the tax implications and planning strategies for income sources that are often new in retirement.
This session will cover:
Social Security benefits - Tax implications and strategies for optimizing Social Security income
Pension income - Tax treatment of pension distributions and key planning considerations
Required minimum distributions (RMDs) - Rules, tax impacts, and strategies for managing RMDs from retirement accounts
Annuities - Taxation of annuity payments and strategies for managing annuity income
IRA and 401(k) withdrawals - Tax implications and strategies for withdrawals from traditional and Roth accounts
Part-time employment - Tax considerations for retirees who continue to work
Highlights
Tax implications of retirement income sources
Planning strategies for retirement income
Prerequisites
Basic knowledge of financial planning, retirement planning, estate planning, tax planning and investment planning
Designed For
Tax professionals who serve individual clients
CPA financial planners and other professional financial planners
Practitioners who provide tax, retirement, estate, investment or risk management planning services
Objectives
- Analyze various types of retirement income and how they are taxed.
- Apply decisions that can be made to delay or accelerate income to maximize tax brackets in specific years.
- Distinguish how taxes get paid on different income sources and how to help clients avoid surprises at tax time.
