Tax-Efficiency for Retirement Spending
An important aspect of creating retirement efficiencies is to make sound decisions with respect to their tax implications. When should taxes be paid to generate the most after-tax spending and legacy for a given asset base? Answering this question requires digging into the intricacies and nonlinearities of our progressive tax system.
Join Wade Pfau when he reviews the different tax advantages available in the tax code and how to create tax diversification as a foundation for retirement. Then Wade will dive into tax-efficient retirement distributions, including effective marginal tax rate management, strategic Roth conversions, and long-term capital gains harvesting. Wade also covers pitfalls with generating more taxable income, including the Social Security tax torpedo, increased Medicare premiums, and the impacts of tax-preferential sources of income. I finish with a detailed example to show how more tax-efficient retirement distributions using strategic Roth conversions can significantly extend retirement portfolio longevity.
*CE/CPE Eligible: 2 CE credits are available to all attendees with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 2 CPE credits. IARs will also earn 2 credits of Products and Practices.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
