Creating a Tax-Efficient Retirement Portfolio

Includes a Live Event on 12/04/2018 at 2:00 PM (EST)

Most withdrawals from qualified plans, traditional IRAs, SEP-IRAs, and SIMPLE plans are taxed as ordinary income, so that a lot of retirement distributions equal large income due to the ordinary income tax treatment of these withdrawals. To make matters worse, as the amount of taxable retirement income increases, more of the Social Security income received (up to 85%) can be added to the gross income section of the Form 1040 and be taxed again. Many people approaching retirement do not consider the reduction of retirement income lost to income tax, requiring them to take out more and more income, which increases the tax even more. This webinar will highlight the tax rules of withdrawals and provide strategies for maximizing retirement income while minimizing the income tax impact of the distributions.

Learning Objectives

  • Describe tax rules affecting various types of retirement investments
  • Identify tax factors that will affect the type of retirement plan chosen for a business
  • Describe the types of investments that are best suited for regular accounts, traditional IRAs, Roth IRAs, and qualified plans
  • Explain the rules and penalties regarding retirement plan distributions
  • Describe strategies for maximizing retirement cashflow and minimizing taxation of distributions

IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Eric A. Smith, CFP, CLU, ChFC, CRPC, ATP

NSA ConnectED Webinar Series 
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

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The National Society of Accountants 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: https://www.nasbaregistry.org/.

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NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.

Order 4 or more webinars in one order save 20%! Click "Add More Webinars" and when you have at least 4 webinars in your cart, 20% will be taken off at the final step of checkout when you click "Next".

Eric Smith

CFP, CLU, ChFC, CRPC, ATP

Eric Smith is a CERTIFIED FINANCIAL PLANNERTM, CHARTERED LIFE UNDERWRITERTM, CHARTERED FINANCIAL CONSULTANTTM, CHARTERED RETIREMENT PLANNING COUNSELORTM , ACCREDITED TAX PREPARERTM, AND REGISTERED TAX PREPARERTM.  He is the owner of Eric Smith Financial Services in Miramar, Florida. His firm provides investments, life and health insurance, income tax preparation and planning, retirement planning, and estate planning. He was previously a financial planner for Barry Financial Group in Boca Raton, Florida and a municipal bond specialist and insurance coordinator for Halpert & Company in Hallandale, Florida.